Fin2000 1 - Glass Steagal Act Introduced the FDIC separate commercial from investment banking Investment banking sale of securities to the public

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Glass Steagal Act : Introduced the FDIC, separate commercial from investment banking. Investment banking : sale of securities to the public The Garn-St. Germain Act of 1982 loans Dual banking system : State and Federal Holding companies : shell companies that own other firms. Increase flexibility of banks. Increase access to capital. Reduce risk by allowing banks to diversify. Thrifts : Savings and Loans, Mutual savings, and credit unions industry deregulated by the Garn-St. germain act and DIDMCA. Fraud. Deposits insured by the government  so no one paid attention to riskiness. Open-end funs: 
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This note was uploaded on 04/28/2008 for the course FINANCE 2000 taught by Professor Eschmann during the Spring '08 term at Missouri (Mizzou).

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Fin2000 1 - Glass Steagal Act Introduced the FDIC separate commercial from investment banking Investment banking sale of securities to the public

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