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A comment on Bank Failures Come in Waves. Parent comment

Re:Bank Failures Come in Waves by nobodyandproud on Tuesday March 21, 2023 @08:18AM (#35245185)
Wouldn’t Glass Stegall have made mortgage backed securities difficult if not outright impossible to create?
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Re:Bank Failures Come in Waves by rjtavares on Tuesday March 21, 2023 @08:27AM (#35245259)
No. It could have prevented some banks from owning them directly, and that could have cointained their growth, but we don't know really.

Crisis would happened anyway for sure, but the scale could have been smaller. But it's hard to do what-ifs.

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Re:Bank Failures Come in Waves by vonmoltke on Tuesday March 21, 2023 @08:30AM (#35245280)
Since mortgage-backed securities have been a thing since the mid 1980s, no.
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