FYI: The Glass-Steagall Act, the Depression-era rule that separated plain-vanilla commercial banking from higher-octane investment banking, has come back into the spotlight as Trump administration officials suggest that they might try to reinstate it. A glance at where financial companies get their money, though, shows why the move wouldn’t address one of the system's greatest weaknesses.
Regards,
Ted
https://www.bloomberg.com/view/articles/2017-04-17/what-glass-steagall-doesn-t-do
