How did Glass-Steagall Act and the FDIC address the issues with banks?

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Hussein Salman asked Apr 13, 2022

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How did Glass-Steagall Act and the FDIC address the issues with banks?

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Hussein Salman asked Apr 13, 2022

by Hussein Salman

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Answer:

FDIC Created

The Glass-Steagall Act set up a firewall between commercial banks, which accept deposits and issue loans, and investment banks that negotiate the sale of bonds and stocks.

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Eirik H answered Apr 17, 2022

by Eirik H

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