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Bank fail: Regulations make sense

With Dems and Republicans seemingly at a stalemate in Washington, D.C., it’s encouraging to see a bipartisan effort being proposed by Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.), along with Maria Cantwell (D-Wash.) and Angus King (I-Maine), and for something the country really needs. They have proposed the “21st Century Glass-Steagall Act,” restoring some provisions that were stripped from the Banking Act of 1933 back in 1999.
The Depression-era Banking Act, the second of two Glass-Steagall acts, stopped the boom and bust cycle of major bank failures until Continental Illinois National Bank and Trust Company failed in 1984 ...


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