EFTA02430501Set 11
2010-02-164p1,362w
Debt Bomb Manipulators
Money Morning Mailbag: How the The Publisher's
Series
Demise of Glass-Steagall Helped
Spawn the Credit Crisis I low to Profit As China
Tart ... Shah Gilani, Contributing Editor, Money Morning
Question: Please address why the removal of the Glass-Steagall Act in
1999 caused the financial meltdown of 2007 and why its reinstatement ... lbw/ling cont
unless reinstated.
Answer: Mr. Scott: While the overturning of what remained of Glass-
Steagall did not cause the meltdown, it certainly contributed mightily to the Buy, Sell
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02430501.pdf
EFTA00690810Set 9
2013-03-3113p8,097w
Simon Johnson. Komansky told
Bloomberg TV that he "regrets" calling for the repeal of Glass-Steagall, which allowed banks to become
bigger than ever.
Sallie Krawcheck: Former Citigroup CFO Sallie ... crash was the result
of the throwing off of Glass-Steagall. Have we gotten our arms around it yet? I don't think so because
the financial -services sector moves ... Shay, the founder and chairman of Signature Bank, wrote in American Banker that
"reinstating Glass Steagall should be the highest priority" for financial regulators.
EFTA00690811
This Big Banks with their
https://www.justice.gov/epstein/files/DataSet%209/EFTA00690810.pdf
EFTA00611654Set 9
2014-04-1650p20,780w
insurance, asset and capital regulation, and the lender-of-last-resort function, so the Glass-
Steagall put in a sharp distinction between commercial and investment banking. Commercial
banks were granted ... issue demand deposits—but they were pretty lightly regulated and free to
fail.
But Glass-Steagall fell apart, financial innovation did the rest, and the Dodd-Frank Act breaks
https://www.justice.gov/epstein/files/DataSet%209/EFTA00611654.pdf
EFTA00691042Set 9
2015-01-064p1,777w
Richard Ramsden,
Conor Fitzgerald, Daniel Paris and Kevin Senet -- is a pretty
standard, Glass-Steagall-ish version of the proposal, in which
JPMorgan would split into a "traditional" bank (loans
https://www.justice.gov/epstein/files/DataSet%209/EFTA00691042.pdf