Decline of the Glass–Steagall Act

This article is about the decline of the Glass-Steagall Act from 1935 to 1999 via court cases, regulatory interpretation, loopholes, and repeal. For general information about the act, see Glass–Steagall Act. For information and analysis of the legislation content and its 1935 amendment, see Glass–Steagall: legislation, limits and loopholes. However, over time, private firms and their regulators found novel ways to weaken the barriers envisioned in the legislation. Eventually, the protections became very weak.

Decline of the Glass–Steagall Act

This article is about the decline of the Glass-Steagall Act from 1935 to 1999 via court cases, regulatory interpretation, loopholes, and repeal. For general information about the act, see Glass–Steagall Act. For information and analysis of the legislation content and its 1935 amendment, see Glass–Steagall: legislation, limits and loopholes. However, over time, private firms and their regulators found novel ways to weaken the barriers envisioned in the legislation. Eventually, the protections became very weak.