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GLASS STEGALL AND THE 2008 SUB.docx

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Department
Political Science
Course
POLSCI 1G06
Professor
Todd Alway
Semester
Winter

Description
GLASS STEGALL AND THE 2008 SUB-PRIME MARKET 11/22/2012 5:25:00 PM INTRODUCTION AND THESIS  Thesis : The glass stegall act repeal caused the subprime mortgage crisis which resulted to the largest recessions in American history since the great depression. IMPORTANTCE OF TOPIC  The importance of this topic is drawing the correlation between the glass stegall repeal and the subprime mortgage in the late 2000’s that resulted in largest recession in American history since the great depression and after 60 years of economic growth KEY TERMS :  Glass Stegall Act: o The glass stegall act or also know as the bank act of 1933 was passed in congress after the great depression and used the act as a block between the commercial banks and the investment banks . This was a way to protect the assets of commercial banks. Commercial banks were for everyday people who kept their personal acc
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