Did Washington Set the Stage For Current Business Turmoil?

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.css-1qf7jf5-PlainByline{display:inline;white-space:normal;line-height:22px;font-size:17px;font-family:var(--font-font-stack-exchange);} Jacob M. Schlesinger

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On an unseasonably warm February morning in 1987, three bank executives squared off against the Federal Reserve board in a crowded hearing room in Washington, D.C. Their mission was to persuade the Fed to start tearing down the half-century-old regulatory walls between the business of banking and the business of selling stocks and bonds.

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.css-1qf7jf5-PlainByline{display:inline;white-space:normal;line-height:22px;font-size:17px;font-family:var(--font-font-stack-exchange);} Jacob M. Schlesinger. Share. Resize. On an unseasonably warm February morning in 1987, three bank executives squared off against the Federal Reserve board in a crowded hearing room in Washington, D.C. Their mission was to persuade the Fed to start tearing down the half-century-old regulatory walls between the business of banking and the business of selling stocks and bonds. Copyright © 2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8. Continue reading your article with a WSJ subscription. Subscribe Now. Already a subscriber? .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;} Sign In. Hotels.com : 30% OFF Hotels.com Coupon | Save on Hotel Stays + More. Walmart : 20% off your order with Walmart promo code. Expedia : Exclusive Expedia coupon - Save 25% or more + Extra 8% Wayfair : Wayfair Coupon - 20%off. DoorDash : $10 off + free delivery on $20+ orders with DoorDash coupon code. Nike : Nike promo code: Members save up to 20%