In my classes, and in my book, I discuss the history behind the Glass-Steagall Act (1933), and why it was so important to the post-war economic stability and growth we enjoyed throughout the end of the 20th century. MSNBC's Dylan Ratigan presents us with a humorous take on how Glass-Steagall came to an end in 1999, and what it means for us today.
If you're still unsure about the Glass-Steagall Act (1933) and/or Gramm-Leach-Bliley (1999), which effectively repealed what was left of Glass-Steagall (the financial sector had been hammering away at it for years), you can do two things: (1) click on the labels below for references on my blog, or (2) you can read all about it in my book.
- Mark
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