r/technology • u/DontFearTheCreaper • 1d ago

Social Media Tech CEOs who grinned behind Trump at inauguration lose billions in wake of tariffs

https://www.independent.co.uk/news/world/americas/us-politics/trump-tariff-bezos-musk-zuckerberg-b2727147.html
66.2k Upvotes

90% Upvoted

2.0k comments sorted by

View all comments

Show parent comments

0

u/blindsk02 1d ago

There was never a repeal BUT forget that, the changes had little effect on the crisis in 2008 based on most everyone consensus. Heres NPR which has one of the more bleak views out there for the changes effects:

"The 1999 changes to Glass-Steagall led to much bigger banks, but that was, at best, just one factor in the 2008 financial crisis."

https://www.npr.org/sections/thetwo-way/2015/10/14/448685233/fact-check-did-glass-steagall-cause-the-2008-financial-crisis

1

u/Ina_While1155 1d ago

That article says it played a part, just not the whole part.