Eternal Recurrence: Break Glass-Steagall Act in Case of Emergency

Last week, a group of U.S. senators introduced a bill that seeks to restore some of the regulatory provisions of the Glass-Steagall Act of 1933 (the "GSA"). The bill purports to segregate commercial or “utility” banking from riskier (and sometimes less socially valuable) activities like investment banking, derivatives trading, hedge funds and the provision of … Continue reading Eternal Recurrence: Break Glass-Steagall Act in Case of Emergency

ETERNO RETORNO AL GLASS-STEAGALL ACT

La semana pasada, un grupo de senadores de los Estados Unidos introdujo un proyecto legislativo que busca restablecer algunas de las disposiciones regulatorias del Glass-Steagall Act de 1933 (el “GSA”). El anteproyecto persigue acordonar o segregar la banca comercial o “banca útil”, de otros negocios consideramos más riesgosos (y a veces menos socialmente provechosos), como: … Continue reading ETERNO RETORNO AL GLASS-STEAGALL ACT