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  • 14-11-2017
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Why was the glass-steagall act a key piece of legislation?

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W0lf93
W0lf93 W0lf93
  • 23-11-2017
It helped separate commercial and investment banking. It prevents securities firms and investment banks from taking deposits and commercial Federal Reserve member banks from dealing in non-governmental securities for customers, investing in non-investment grade securities for themselves, underwriting or distributing non-governmental securities, and affiliating with companies involved with these activities.
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