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The repeal of the Glass-Steagall Act of 1933 may have been one factor in bringing on the 2008 economic recession in the United States. It allowed investment banking and commercial banking to operate within the same financial institution, permitting the formation of Citigroup, a 'superbank'. The articles and interviews on this site examine this issue.
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- Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)