id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-2924	Banker, Roshni	Glass-Steagall Through the Back Door: Creating A Divide in Banking Functions Through the Use of Corporate Living Will	2011	49	.pdf	application/pdf	17449	655	45	Let's tightly limit bank activity to taking deposits and making loans-loans that bankers and regulators who aren't theoretical mathematicians can monitor. . . . The act also adopted four provisions known as the Glass-Steagall Act, mandating the separation of commercial and investment banks: (1) Section 16 limited banks that deal in securities to purchases or sales solely for customer accounts (with certain exceptions); (2) Section 20 prohibited commercial banks from affiliation with any entity engaged principally in the underwriting or public sale of securities; (3) Section 21 prohibited any entity engaged in issuing, underwriting, or distributing securities from also receiving deposits; and (4) Section 32 prohibited relationships between commercial banks and securities firms primarily engaged in the underwriting or distribution of securities.6	cache/cblr-2924.pdf	txt/cblr-2924.txt