Martin O'Malley

Martin O'Malley's policies onGovernment

Separate risky investment banking from ordinary commercial banking

For 70 years, the 1933 Glass-Steagall Act kept the U.S. economy safe from major financial crises by requiring commercial banks to be separate from investment banks to prevent them from putting everyday Americans’ deposits at risk. If Glass-Steagall hadn’t been repealed in 1999, the financial crisis will likely have been far less severe.

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