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Mad World
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Seer777 |
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Glass–Steagall legislationAfter the financial crisis of 2007–2008, some commentators argued that the repeal of Sections 20 and 32 had played an important role in leading to the housing bubble and financial crisis.
Economics Nobel prize laureate Joseph Stiglitz, for instance, argued that "when repeal of Glass-Steagall brought investment and commercial banks together, the investment-bank culture came out on top", and banks which had previously been managed conservatively turned to riskier investments to increase their returns. [ link to en.wikipedia.org (secure)] Quoting: Seer777 Using objects for scale is very important. Also, I enjoy cheese. Quoting: Ty_ Turmoil at Silicon Valley Bank triggers market panic: Four biggest US banks lose staggering $52 BILLION in valuation and Dow drops 540 points The four largest US banks -- JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup -- saw their share prices plunge between 4% and 6%, wiping $52.3 billion from their collective market capitalizations for the day. [ link to www.dailymail.co.uk (secure)] [ link to youtu.be (secure)] Quoting: Seer777 https://imgur.com/a/Zs4tsPJ Quoting: Seer777
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