Repeal of the Glass-Stegal Act was not the cause of the 2008 crisis! Also Glass-Stegal was never regulation to protect individuals. It had nothing to do with customers.  Glass-Stegal did allow big banks to get much bigger but it was not about protecting individuals. Glass-Stegal forbid commercial bank from becoming investment banks. The crisis in 2008 was caused by subprime lending, complicit ratings agencies and a derivatives market that speculated against those loans. Glass-Stegal would not have prevented this! I wish people would stop propagating this misinformation. The only reason its relevant to the crisis is because it allowed banks to become &quot;too big to fail&quot;, not because it would have prevented banks the players from engaging in reprehensible behavior.