Tag: gramm-leach-bliley
-
The Problem Was Not Deregulating. The Problem Was Not Regulating.
Most economists agree: deregulation is not what caused today’s problem. (The repeal of Glass-Steagal, for instance–the Gramm-Leach-Bliley Act allowing commercial banks to act as investments banks, and vice-versa–wasn’t the cause. It might even be one of the reasons things aren’t worse than they are.) What’ they’re not saying: not regulating is what caused the problem.…