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Stefouch t1_jcoghaz wrote

Reply to comment by atxlrj in [OC] Bank failures come in waves by pranshum

The cycle of what .. ?

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JeromePowellsEarhair t1_jcqurff wrote

OP is making a joke. Glass-Steagall was the post-Great Depression banking regs implemented.

The joke is that we have waves of regulation that you can see in these failures. Failures spike and everyone clamors to regulate. Then the wave stops and everyone forgets about the past and slowly deregulates. Then we get hit with another wave and the “Glass-Steagall cycle” starts again.

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