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Federal Deposit Insurance

Conservatives and Libertarians Should Support the Return of Glass-Steagall

William K. Black | Posted 09.20.2013 | Politics
William K. Black

Absent Glass-Steagall, banks could purchase anything from an aluminum company to a fast food franchise and (indirectly) fund its acquisitions and operations with federally-subsidized deposits. If you run an independent aluminum company or fast food franchise do you want to have to compete with a federally-subsidized rival?