GeneralBearishCrypto Briefing · 7h ago7/10
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Alan Waxman: Financial system guardrails shape market outcomes, the impact of Glass-Steagall’s repeal, and why liquidity mismatches lead to crises | Invest Like the Best
Alan Waxman examines how regulatory guardrails, particularly the 1999 repeal of Glass-Steagall, have reshaped the US financial system through bank consolidation and increased liquidity mismatches. The discussion highlights how deregulation fundamentally altered market stability dynamics and continues to influence institutional behavior and systemic risk exposure.
