The ____ is an act that repealed a depression-era law known as Glass-Steagell. Some place partial blame for the financial crises that began in 2008 on the passage of this act and the loosening of banking restrictions.

Question

Quizplus · Accepted Answer

The Gramm-Leach-Bliley Act, passed in 1999, repealed the Glass-Steagall Act, which had separated commercial banking from investment banking since the Great Depression. The loosening of banking restrictions that followed is considered by some to have contributed to the financial crisis that began in 2008. The other options are not related to banking regulation.

The ____ Is an Act That Repealed a Depression-Era Law