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If "Reinstate Glass-Steagall" didn't sound so arcane, it would have been the lead rallying cry for the financial reform movement over the last year. More than any other act of Congress, the 1999 law to repeal the Glass-Steagall Act, a New-Deal-era law separating commercial banking from investment banking, has been named as a main cause of the collapse and, more significantly, the resulting bailouts of "too big to fail" banks.

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