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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (41447)3/1/2010 3:51:26 PM
From: TimF  Read Replies (2) of 71588
 
Whether or not the Volker Rule would be useful could be debated, but "needed" is a real stretch. Propietary trading by banks was not a significant cause of the real estate bubble, and the bubble (combined with its inevitable eventual popping) was the main cause of the financial crisis.

he entire post WWII economic boom in the United States was achieved under a system in which Glass-Steagall was in place.

And the entire post WWII economic boom in Germany and in other countries was achieved under a system in which neither Glass-Steagall nor any equivalent was in place.
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