Partial repeal of Glass-Steagall did not contribute to the crisis
Commercial banks and investment banks both got into difficulties. But not because of combining activities. All the activities that led to problems would have been legal under original Glass-Steagall separation.
CONTEXT(Help)
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The Global Financial Crisis »The Global Financial Crisis
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Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
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Unintended consequences of earlier public policy choices »Unintended consequences of earlier public policy choices
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Partial repeal of Glass-Steagall act »Partial repeal of Glass-Steagall act
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Partial repeal of Glass-Steagall did not contribute to the crisis
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