Which led to the downfall of the Glass Steagall act in the United States, which separated banks and kept them small in order to prevent what happened ultimately in 2008, where banks got too big to fail. And That precipitated in, not just in American, the US Housing crisis, but of course, famously, it became a global financial crisis. And so our trade policies, they call them trade policies, but there's so much that's tucked inside them. (31:36–31:46)
CLAIM
Asserts that the repeal of the Glass-Steagall Act contributed to the global financial crisis.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
