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Glass-Steagall becomes the ghost of Christmas Past

Why the law may never live again ...

The push to revive the Glass-Steagall Act is gaining traction, but the plan also has many opponents. Glass-Steagall, before its repeal, kept banks from commingling their investment and commercial businesses. The Huffington Post explains why a revival of the old law is unlikely:

"There is no single magic bullet to stop 'too big to fail," Senator Elizabeth Warren, D-Mass., said. "But the central premise behind a 21st century Glass-Steagall is to say, 'If you want to get out there and take risks, go and do it. But what you can't do is you can't get access to FDIC-insured deposits when you do.'"

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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