The Separation of Commercial and Investment Banking: The Glass Steagall Act Revisited and Reconsidered.

Abstract

Introduction to the Glass-Steagall Act sources of information and their contents about pre-Glass-Steagall conditions and events evidence on the risk of losses (safety and soundness) conflicts of interest and abuses related to commercial banks' securities operations directly or by and through securities affiliates securities services as an improper commercial banking activity restraints on competition as an explanation for the Glass-Steagall Act concern for commercial banks' federal safety net unfair competition concentration of power and less-than-competitive performance universal banking - advantages and disadvantages other reasons for the introduction and passage of the Glass-Steagall Act. Appendix: securities activities of banking organizations permissible under Federal law.

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