In his Domestic Banking column, Clyde Mitchell, professor of Financial Services Regulatory Law at Fordham law School, writes that Gramm-Leach-Bliley Financial Services Modernization Act and the Glass-Steagall Act have been the most important pieces of financial services legislation since the Great Depression; however, they are very different in their effect and goals, as was the legislative process that created them and the environment that existed at the time.
What's Wrong With the Financial System?
New York Law Journal
December 17, 2012
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