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I firmly believe the Banking Act of 1933--passed in the wake of the GreatDepression in the 1930s, and all but abandoned in 1996--was the most comprehensiveand strict supervisory law in U.S. history. I
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I firmly believe the Banking Act of 1933--passed in the wake of the GreatDepression in the 1930s, and all but abandoned in 1996--was the most comprehensiveand strict supervisory law in U.S. history. It introduced the separation of bank typesinto commercial banking, involving deposits and loans, and investment banking, whichserved as a market intermediary.
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