Returning to Glass-Steagall

Breaking up is hard to do, especially for banks

A return to Glass Steagall-type separations between commercial and investment banks is desirable, according to our readers, but we’re not holding our breath.
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Citi's frowning logo is a reminder of how Glass-Steagall finally ended
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<div style="text-align: left;"> Citi's frowning logo is a reminder of how Glass-Steagall finally ended </div>

Big banks are having a torrid time of it these days. First there was the financial crisis, for which most people blamed them, and now a spate of scandals that has cast the industry in an even worse light an achievement that few would have thought possible a year ago.

Indeed, the stink is now so bad that some people are calling for the re-introduction of Glass-Steagall, a post-Depression set of rules that erected a strict and simple divide between Main Street and Wall Street banks, or something similar. And our readers agree in our web poll last week, three-quarters of them said it is time for...

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