Pressure builds in USA for Glass-Steagall banking separation; when will Aus, UK catch up?
CEC Media Release 24 March 2017—Everyone in the United States is suddenly talking about Glass-Steagall, the 1933-99 US law that protected everyday people from banking crashes, by separating commercial banks with deposits from investment banks that speculate. Restoring Glass-Steagall is the only way to solve the growing threat from Too-Big-To-Fail banks, which, compared to when they were bailed…
