Financial Crisis of 2008
Half 1: Reply to dialogue under: Within the aftermath of the monetary disaster of 2007-2009, there have been calls to re-instate the separation of economic and funding banking actions that have been eliminated with the repeal of the Glass-Steagall Act.   Do you assume this can be a good technique to scale back systemic threat?*** 150+ Phrases ***Half 2: Reply to classmate under: "President Clinton signed the Monetary Providers Modernization Act that repealed Glass-Steagall on November 12, 1999. Congress then had Republicans vote within the Senate passing the Gramm-Leach-Bliley Act. By reinstating the separation of economic and funding banking it will defend depositors. This may additionally take away the thought that banks could possibly be to large to fail. In 2011 there have been efforts to re-instate Glass-Steagall nonetheless, it was not profitable. If they might have been in a position to implement these modifications, the banks must be fully reorganized and a few banks argued that the re-instating would make them to small to compete on a bigger scale. The Dodd-Frank Wall Avenue Reform Act was then handed with the Volcker rule which restricts the banks from utilizing depositors fund's for dangerous investments. The Dodd-Frank Act additionally has a restriction that if banks would change into to large to fail, that they must be regulated nearer to the Federal Reserve. I believe the best way rules are actually are the best way to go to cut back the potential of an entire collapse within the economic system."*** 75+ WORDS ***