| 25.01.2010 Other Voices: Obama Bank’s plan revives Glass Steagall Act, may improve capital raising environment for hedge funds |
| This article was written by Bryan Goh, First Avenue Partners LLP, London : It sounds like a plan. President Obama in an effort to address what is widely believed to be a flawed banking model has decided to ressurrect the Glass Steagall Act 1933. Glass Steagall 1932 had already been effectively revived, extended and implemented in 2008 as the Fed rode to the rescue of a banking system on |
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