Those who say that the financial recent crisis tells us to re-enact Glass-Steagall overlook what failed and what did not: the largest failures in the 2008 crisis – Lehman Brothers, AIG, and the Reserve Primary Fund – were not deposit-taking commercial banks on which Glass-Steagall’s repeal had a major impact. AIG was a mega-insurer.
说如今的金融危机告诉我们应该重新引入格拉斯-斯蒂格尔发难没有弄清楚什么倒了，而什么没倒：2008年危机中最大的倒闭案——雷曼兄弟公司、AIG和Reserve Primary Fund——都不是受格拉斯-斯蒂格尔法案废除的影响最大的吸储商业银行。AIG是保险巨头。雷曼是投资银行。因从雷曼手中购买债券而倒闭的Reserve Primary Fund是货币市场共同基金而不是商业银行。