Glass Steagall

Tom Lehman TLEHMAN at lor.net
Mon Nov 29 15:15:23 PST 1999


I received an e-mail from the FDIC this pm in response to my question about S&Ls a/k/a thrifts being allowed to sell equities and insurance. According to the FDIC that's the case and they can own brokerage and insurance businesses too, just like commercial banks!

I'll post the respone and the FDIC guys name if anyone is interested tomorrow---it's on my work email.

Tom Lehman



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