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Separate Investment Banking from Insured Depository Banking

Posted in Mortgage Modification

Dodd-Frank did not correct the problem. Banks which enjoy deposit insurance are still free to gamble with securities. A proposed bill: 112TH CONGRESS – 1ST SESSION H. R. 1489 To repeal certain provisions of the Gramm-Leach-Bliley Act and revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so-called ‘‘Glass-Steagall Act’’, and for other purposes. Read the entire bill here....

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