Scrapping Glass-Steagall opened the door to the flood of bad loans. G-S kept investment banks out of retail banking.
Scrapping Glass-Steagall opened the door to the flood of bad loans. G-S kept investment banks out of retail banking.
But, that’s in regards to Wall Street right?
You still had CRA, and with CRA, you’d still have a bunch of bad loans right?
Or would Fannie Mae not have thrived without being able to repackage them?