Obama Plan Has Shades Of Glass-Steagall Act

Sloan, Steven; Hopkins, Cheyenne
January 2010
American Banker;1/27/2010, Vol. 175 Issue 14, p1
Trade Publication
The article examines financial services industry legislation proposed by the administration of U.S. President Barack Obama. Although the administration has said it does not wish to return to the former Glass-Steagall Act which separated banks and investment banking, banking analysts state that the plan's goal to limit growth and risk in large banks is similar to the intent of that law.


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