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Glass-Steagall: The Firewall That Separated Banking from Speculation
Audio is available on Spreaker — see link below.
In 1933, two unlikely lawmakers drew a hard line through American banking — separating commercial deposits from Wall Street speculation. This is the structural logic behind Glass-Steagall, why it held for sixty years, and what it tells us about the crash that made it necessary.
Audio is available on Spreaker — see link below.
In nineteen thirty-three, two men who had never worked in finance rewrote the rules of American banking. One was a senator from Virginia.
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