FED Bows Down to Wall Street, Reduces Banking Regulations

It’s a cycle. 1933; Glass-Steagall Act; passed in 1933 to avoid another major banking crash. 1999; Gramm-Leach-Bliley;   repealed Glass-Steagall. 2008; financial crisis & bailouts. 2010;  Dodd-Frank. 2018; Economic Growth, Regulatory Relief, Consumer Protection Act; basically repealed Dodd-Frank.