Kenneth R. Szulczyk
U.S. financial system. Thus, the U.S. banks will become larger with partial government
ownership (or interference depending on your viewpoint).
Many critics of financial deregulation demand the U.S. government to re-enact the Glass–
Steagall Act that would separate commercial and investment banking activities. Many leaders
around the world are debating whether to pass new laws to separate commercial and investment
banking in their countries because the 2008 Financial Crisis forced governments to spend
billions in bailing out their large banks.
Websites
Comptroller of the Currency http://www.occ.treas.gov/Federal Deposit Insurance Corporation http://www.fdic.gov/Federal Home Loan Bank System http://www.fhlbanks.com/Federal Reserve System http://www.federalreserve.gov/National Credit Union Administration http://www.ncua.gov/Key Terms
financial system
savers
borrowers
financial intermediation
financial market
financial security
direct finance
equity
dividend
primary market
secondary market
liquidity
information
defaulting
risk
diversification
financial disintermediation
cash market
spot market
derivative market
principal
capital market
dual banking system
national bank
state bank
Comptroller of the Currency
Federal Deposit Insurance Corporation
Federal Reserve System (Fed)
lender of the last resort
McFadden Act
unit banking
branch banking
Securities and Exchange Commission
Glass-Steagall Banking Act
bank run
insolvent
contagion
financial panic
financial innovation
bank holding company
universal banking
nonbank bank