Glass- Steagall is a banking regulation act implemented by the FDR administration. The purpose of the act was to separate investment banks from commercial banks. A 50 year period of financial stability followed the act. When consumer banks stop making risky investments the consumer tends to get lower mortgage and auto interest rates. Taking away large consumer banks abilities to make risky investments would also stabilize the market by taking away single large bets. Glass-Steagall was successful post Great Depression and I can work again. Over 60 years of stable growth under Glass-Steagall is another key point to highlight. Doubters of whether the plan can work or not just need to look at economic growth in the 80s and 90s to see how
