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You searched for: label/Glass Steagall

Snarky reviews

…opening of Akhnaten, an opera by Phillip Glass. My mom hated (and I think still hates) Glass, and couldn’t understand why I would go.  The next day she clipped the…

The contrarian addiction

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

What went wrong ?

…wholesale funder for banking system/Run on the repo market. 5. Fed kept interest rates low for too long. 6. De facto repeal of Glass-Steagall in 90s (and de jure repeal…

Fiduciary duty and self-interest

…law. Before Glass-Steagal repeal (and similar legal and business culture changes dating back to the fifties) there was an understanding that commercial bankers had a fiduciary responsibility to their customers,that…