Glass–Steagall legislation
Also known as: Glass-Steagall Act · Glass–Steagall legislation · Glass–Steagall Act
The Glass–Steagall legislation describes four provisions of the United States Banking Act of 1933 separating commercial and investment banking.
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regulatory context for financial market behavior
The repeal of parts of this act in 1999 is often cited by economists as a factor that allowed for the increased risk-taking and speculative environment that fueled the bubble.