HOW TO SOLVE THE US HOUSING PROBLEM AND AVOID A RECESSION by Paul Davidson Jan 8, 2008

https://mpra.ub.uni-muenchen.de/7427/1/MPRA_paper_7427.pdf

In 1933, Congress passed the Glass-Steagall Act, which banned banks from underwriting securities. Financial institutions had to
choose either to be a simple bank lender or an underwriter
(investment banker or brokerage firm).

Here’s light from our (progressive) past!

Please share as widely as possible!

 

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