“Is there ANYTHING behind the claim that Glass Steagall could have helped soften the blow? Usually there is a grain of truth behind most BS haha.”
Peter Schiff states in a video that had it been repealed altogether [including the FDIC part] that would have been best.
Failing that, better to not have repealed it partially like they did.
Worst mess was made by what they did, partial repeal.
Lew Rockwell said the same thing many years ago here. [Incase link doesn’t work, it’s http://mises.org/freemarket_detail.aspx?control=216 ]
Finally, my newbie thread on the whole business, to be read with caution. If the link doesn’t work, it’s