제 목    TknMaKGxuYAxnF 이 름    Foster 날 짜    2018/06/29 조 회    2 How much were you paid in your last job? tofranil pm First of all, Glass-Steagall was not created to prevent commercial banks from engaging in trading activities, but to seperate the supposed conflict of interest that Congress believed was a result of a combination of banks that provided retail and underwriting services. At the time, US politicians were convinced that companies that operated both lines of business were engaged in ‘predatory selling’ by dumping junky stocks from the underwriting side to overly entusiastic retail investors. Subsequent empirical research actually refuted this claim and was a contributing factor to the repeal of Glass-Steagall with the Gramm-Leach-Bliley act. It had absolutely NOTHING to do with institutional/proprietary tading.