Glass-Steagall Act - Wikipedia, the free encyclopedia

Glass-Steagall Act - Wikipedia, the free encyclopedia: "3. Securities activities can be risky, leading to enormous losses. Such losses could threaten the integrity of deposits. In turn, the Government insures deposits and could be required to pay large sums if depository institutions were to collapse as the result of securities losses."

NB. Securities activities can be risky, leading to enormous losses. Such losses could threaten the integrity of deposits. In turn, the Government insures deposits and could be required to pay large sums if depository institutions were to collapse as the result of securities losses.


THE AMERICAN BANKING DISASTER WOULD NOT HAVE HAPPENED IF THESE ACTS HAD NOT EFFECTIVELY BEEN REPEALED

AND THE BRITISH BANKING DISASTER WOULD NOT HAVE HAPPENED IF BLIAR AND BROWN HAD BROUGHT IN A BRITISH EQUIVALENT