An in-depth look at the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), covering its purpose, history, provisions, and impact on the financial industry.
The Glass-Steagall Act of 1933 was landmark legislation passed by the United States Congress that authorized deposit insurance and prohibited commercial banks from owning brokerage firms, aimed at restoring confidence in the banking system during the Great Depression. It was largely repealed by the Financial Services Modernization Act of 1999.
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