Why Not Reinstate Glass-Steagall?

MANILA – Eighty years ago this month, Ferdinand Pecora, the cigar-chomping former assistant district attorney for New York City, was appointed chief counsel for the US Senate Committee on Banking and Currency. In subsequent months, the hearings of the Pecora Commission featured many sensational revelations about the practices that led to the 1930’s financial crisis.

Read more at http://www.project-syndicate.org/commentary/the-weakness-of-post-2008-us-financial-reform-by-barry-eichengreen#tkHIF1tDI4u1i03H.99
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