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Saturday, May 19, 2012

Could Glass-Steagall Have Stopped JPMorgan Loss?

The banking giant's $2 billion loss has many lawmakers and economists wondering what happened to the 2010 financial overhaul, which was supposed to prevent risky hedging. Many are also looking back further — to a Depression-era law, repealed in 1999, that separated commercial and investment bank activities.Read More[category World]

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