Taming the Megabanks

Download or read book Taming the Megabanks written by Arthur E. Wilmarth and published by . This book was released on 2020 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Taming the Megabanks, Arthur E. Wilmarth, Jr. argues that we must break up universal banks by enacting a new Glass-Steagall Act. Drawing from an analysis of the Great Depression of the 1930s and the Global Financial Crisis of 2007-09, Wilmarth demonstrates that a new Glass-Steagall Act would make our financial system much more stable and less likely to produce boom-and-bust cycles.