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Business & Economics
2020 2020

Taming the Megabanks

Author: Arthur E. Wilmarth
Publisher:
ISBN: 019026070X
Category : Business & Economics
Languages : en
Pages : 601

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Book Description
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.