LETTER: Time to sign Glass-Steagall Act is now
Published 06/22/2012, Mount Vernon
There have been numerous editorials in the recent days on the urgent necessity of reinstating the 1933 Glass-Steagall Act, including from FDIC Director Thomas Hoenig in the June 10 Wall Street Journal and Luigi Zengales in the Financial Times. Their arguments are clear and helpful in refuting the lies told by notorious Congressman Barney Frank and others that “Glass-Steagall would not have prevented the current crisis.”Word count: 290
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