Curtis Johnson
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The Glass-Steagall Act of 1933 forced commercial banks to refrain from investment banking activities to protect depositors from potential losses through stock speculation. Glass-Steagall aimed to prevent a repeat of the 1929 stock market crash and commercial bank failures. Repealed by Clinton in '99
06:05 PM - Oct 13, 2023
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Robert Reich
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As long as banking is treated like a casino, it's going to be dangerous.

Banks should not be gambling with their depositors' money.

We need to make banking boring again.
We Need to Make Banking Boring Again - YouTube

As long as banking is treated like a casino, it's going to be dangerous.Banks should not be gambling with their depositors' money.We need to make banking bor...

02:36 PM - Mar 24, 2023
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Curtis Johnson
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In response to Robert Reich.
thread 1/2
The Glass-Steagall Act of 1933 forced commercial banks to refrain from investment banking activities to protect depositors from potential losses through stock speculation. Glass-Steagall aimed to prevent a repeat of the 1929 stock market crash and commercial bank failures. Repealed by Clinton in '99
06:05 PM - Oct 13, 2023
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LaJuan Woodland
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In response to Robert Reich.
Shame that Greed is being presented in Media as a vital American value. I think we have many more important values that don't get media attention.
10:55 PM - Aug 18, 2023
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elder leeeee
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In response to Robert Reich.
I'm no expert, but it seems to me there are multiple actions by multiple actors to destabilize Everything Everywhere All at Once
04:28 PM - Mar 24, 2023
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