It is often claimed that the disaster was produced by deregulation.  What deregulation you may ask? Well, mostly, the dismantling of Glass-Steagall.  I don’t think dismantling Glass-Steagall caused the crisis, but it is undeniable that if Glass-Steagall had remained in effect, the crisis would have been far less severe, for Glass-Steagall restrained financial institutions from … Continue reading Bank “deregulation”