Banks http://wesa.fm en A History of Reigning in the Banks http://wesa.fm/post/history-reigning-banks <p dir="ltr" style="line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 15px; line-height: 1.15;">In an era when big banks are mired in complex and often risky investment schemes, could the reinstatement of a Great Depression era financial law help curb the financial sector’s speculative trading? That’s the discussion being had in congress, </span><a href="http://www.huffingtonpost.com/2013/07/11/glass-steagall-act-elizabeth-warren_n_3580967.html" style="background-color: transparent; font-family: Arial; font-size: 15px; line-height: 1.15;">as Senators John McCain and Elizabeth Warren push to reinstate the Glass-Steagall Act</a><span style="background-color: transparent; font-family: Arial; font-size: 15px; line-height: 1.15;">, a piece of depression era legislation that creates a separation between commercial banking and investment banking. From the perspective of </span><strong style="background-color: transparent; font-family: Arial; font-size: 15px; line-height: 1.15;">Michael Haley</strong><span style="background-color: transparent; font-family: Arial; font-size: 15px; line-height: 1.15;">, a professor and H.J. Heinz Endowed Chair of business management at Point Park University, reinstating the act could at least help to simplify the complex banking system currently in place.</span> Tue, 23 Jul 2013 19:40:16 +0000 John Lavanga 13605 at http://wesa.fm A History of Reigning in the Banks