1
answer
0
watching
50
views
22 May 2018
The Glass-Steagall Act of 1933 was passed in response to the perception that Commercial Bank engagement in securities trading was a significant contributing factor to the stock market crash of 1929. Whether that perception is true or not is subject to debate. The Gramm-Leach- Bliley Act of 1999 basically repealed the Glass-Steagall Act. There has been some suggestion that the Gramm-Leach-Bliley Act was a significant contributing factor to the liquidity crisis in 2008 and the recession that followed. Do you think that the Gramm-Leach-Bliley Act contributed to the liquidity crisis? Why or why not?
The Glass-Steagall Act of 1933 was passed in response to the perception that Commercial Bank engagement in securities trading was a significant contributing factor to the stock market crash of 1929. Whether that perception is true or not is subject to debate. The Gramm-Leach- Bliley Act of 1999 basically repealed the Glass-Steagall Act. There has been some suggestion that the Gramm-Leach-Bliley Act was a significant contributing factor to the liquidity crisis in 2008 and the recession that followed. Do you think that the Gramm-Leach-Bliley Act contributed to the liquidity crisis? Why or why not?
Beverley SmithLv2
23 May 2018
