The Banking Act of 1933 was a law that established the Federal Deposit Insurance Corporation (FDIC) in the United States and introduced banking reforms, some of which were designed to control speculation. It is most commonly known as the Glass–Steagall Act, after its legislative sponsors, Carter Glass and Henry B. Steagall.
Some provisions of the Act, such as Regulation Q, which allowed the Federal Reserve to regulate interest rates in savings accounts, were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, by the Gramm–Leach–Bliley Act.
Source: Wikipedia
Twitter News:
bretcarpenter: @SenJohnMcCain then there is always that Glass-Steagall Act thingy
hermistonsports: DOW drops 1000 points in a few minutes today. Banks invest in shakey deals. Time to bring back Glass Steagall Banking Reform Act of 1933.
ddayen: Feingold noted Brown/Kaufman Safe Banking Act, restoring Glass-Steagall, breaking up big banks as key to getting his vote to end debate
peterward2008: @TRF_Bullitt You are an incredible tool. Its a matter of fact. Look up Glass Steagall Act abolition of. Are insults all you’ve got?
fnlooney: @msnbc @morningmika @williegeist1 Did @joenbc vote to repeal the Glass- Steagall act when he was a congressman?
georgezachary: Finally,former fin svcs CEOs admit repealing Glass-Steagall act was wrong. Originally enacted to protect taxpayers. http://j.mp/axyqCE
shuhan88: @luffagal remember the Glass Steagall Act from chpt 3 ! its chapt 3 right haha
Evocatus: @TIME Glass-Steagall act regulated banks. Scrapping it was a major force in creating the financial crisis. So Clinton should apologize! 8-((
Evocatus: @TIME It’s not about power, it’s should be about will power. BTW Clinton should shut up. Under his rule the Glass-steagall Act was scrapped.
eduardo__b: The Glass-Steagall Act, which separated investment and commercial banking, and was repealed by Congress, needs to be reinstated.
KObradovich: Conlin: I want an independent consumer agency. Want to see Glass-Steagall act reinstated. #iasenate
TERRYPOOCH: MCCAIN&CANTWELL reinstate 1930s Glass-Steagall Act that separated federally insured commercial banking from investment banking activities
TERRYPOOCH: MCCAIN AND CANTWELL-reinstate1930s Glass-Steagall Act that separated federally insured commercial banking from investment banking activities
hardsunmusic: To end the financial reform debate: just put the Glass-Steagall Act back into place http://bit.ly/2OZhbL
ArzuhanAkinci: to reinstate the Depression-era Glass-Steagall Act.
Glass Steagall Act Blog Results
- Glass-Steagall Act » New Deal 2.0
What is the Glass-Steagall Act of 1933? The Glass-Steagall Act was introduced during the Great Depression by former Treasury Secretary Sen. Carter Glass (D-VA) Read more - TWO Former IB CEOs Want Glass-Steagall Back – The Market Ticker ®
Chief Executive Officer David Komansky said he regrets promoting the 1999 repeal of the Glass-Steagall Act that separated commercial and investment banks. “Unfortunately, I was one of the people who led the charge to try to get … Read more - Glass-Steagall Wall Revisited – The Caucus Blog – NYTimes.com
… one of a cadre of Democrats intent on toughening up the big financial regulatory legislation, said on Thursday thay she would insist that the Senate vote on a proposal to reinstate the Glass-Steagall Act, which would re-establish a …Read more - Glass Steagall Act – The Glass-Steagall Test | US Post Today.
Glass Steagall Act – The Glass-Steagall Test. U.S. Apr 28, 2010. Now that Democrats are Republicans are Democrats, the most important political divide of American life is the one that separates critics of kleptocracy from its agents and … Read more - Treece: Reflections on Glass-Steagall | Toledo Newspaper
However, in 1999 a Republican-led Congress, spurned by then-Treasury Secretary Robert Rubin, decided to repeal the Glass-Steagall Act, thinking it was outdated. A new piece of legislation, which repealed Glass-Steagall, was signed by … Read more - With Obama Opposed, Glass-Steagall Heads to Senate Floor | LaRouchePAC
In the United States, legislation to restore the authority of the 1933 Glass-Steagall Act — disastrously repealed a decade ago — will be put on the Senate floor for debate this week, in the form of a Cantwell-McCain amendment to the … Read more
Glass Steagall Act Videos
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