WASHINGTON - Former Citigroup chairman Sandy Weill's call to reinstate Glass-Stegall has sparked a growing counter-movement among those that argue restoring the Depression-era law would not make the system safer.
The naysayers are hoping to outmaneuver policy heavyweights like Tom Hoenig, a director at the Federal Deposit Insurance Corp. and former president of the Federal Reserve Bank of Kansas City, who say separating commercial from investment banking is the only way to prevent another financial crisis.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access