glass steagall

Doug Henwood dhenwood at
Fri Nov 5 11:33:48 PST 1999

Max Sawicky wrote:

> The S&L bailout was a foretaste of
>what we could be in for after Glass-Steagall.

Because the S&Ls were allowed, unsupervised, to do business in areas about which they knew nothing. I said it's how they're regulated that matters.


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