FDR ; Hillary talking to US about how her husband followed in his footsteps

[wyldwolf]

81. From Wiki

In the 1960s, JFK appointed James Saxon to the Office of the Comptroller of the Currency, which interpreted Glass-Steagall to permit national banks to engage in certain securities activities. Although most of these interpretations were overturned by court decisions, bank regulators in the 70s began issuing Glass-Steagall interpretations that were upheld by courts and that permitted banks and their affiliates to engage in an increasing variety and amount of securities activities. Starting in the 1960s banks and non-banks developed financial products that blurred the distinction between banking and securities products, as they increasingly competed with each other.

Interestingly In the 1930s Senator Glass himself attempted to repeal the Glass–Steagall prohibition on commercial banks underwriting corporate securities. Glass stated Glass–Steagall had unduly damaged securities markets by prohibiting commercial bank underwriting of corporate securities.