#DoddFrank is NOT #GlassSteagall
.
Dodd-Frank is not going to prevent future crisis, and will be subject to being degraded, because that’s what it’s designed for.
.
Glass-Steagall was enacted in 1933 separating investment banking from commercial banking until Clinton signed its repeal in 1999.
.
Dodd-Frank is fiddling still letting banks gamble w/deposits
#SVB #banking #banjs #economy

https://billmoyers.com/content/glass-steagall-dodd-frank-and-the-volcker-rule-a-primer-and-resources/

#DoddFrank is NOT #GlassSteagall
.
Dodd-Frank is not going to prevent future crisis, and will be subject to being degraded, because that’s what it’s designed for.
.
Glass-Steagall was enacted in 1933 separating investment banking from commercial banking until Clinton signed its repeal in 1999.
.
Dodd-Frank is fiddling still letting commercial banks gamble
#SVB #banking #banjs #economy

https://billmoyers.com/content/glass-steagall-dodd-frank-and-the-volcker-rule-a-primer-and-resources/

#DoddFrank is NOT #GlassSteagall
.
Dodd-Frank is not going to prevent future crisis, and will be subject to being degraded, because that’s what it’s designed for.
.
Glass-Steagall was enacted in 1933 separating investment banking from commercial banking until Clinton signed its repeal in 1999.
.
Dodd-Frank is fiddling around the edges while still letting commercial banks gamble with deposits.
#SVB #banking #banjs #economy