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Congress Eyes Returning to Glass-Steagall

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WAR ON WALL STREET
"A one-page proposal gaining traction in Congress could turn back the clock on Wall Street 10 years, forcing the breakup of banks, including Citigroup Inc,," according to Bloomberg. "Lawmakers in both parties, seeking to prevent future financial crises while soothing public anger over bailouts and bonuses, are turning to an approach that’s both simple and transformative: re-imposing sections of the 1933 Glass-Steagall Act that separated commercial and investment banking."
SOURCE:   Bloomberg

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