About damn time! Bill to restore Glass-Steagall Act to be introduced in the House
Posted by AzBlueMeanie: Representatives Maurice Hinchey of New York, John Conyers of Michigan, Peter DeFazio of Oregon, Jay Inslee of Washington, and John Tierney of Massachusetts, want to restore the Glass-Steagall Act of 1933, which prohibited commercial banks from underwriting stocks and bonds. The act was repealed in 1999 at the urging of, among others, … Read more