The Glass-Steagall Act was a liberal socialist policy that said that commercial banks shouldn't mingle with investment banks, insurance industries, security industries, or have Real Estate partners. There is nothing wrong with having multiple financial partners as long as you have "regulations" to protect America's economy from thieves, liars, and crooks FREEDOM!!!! It was such an old fashioned policy that it needed to be "modernized" with an ultra cool 21st century Act. Many corporate executives Real Americans agree that the Act was both antiquated and cumbersome for the banking industry, in that it suppressed financial creativity and stifled financial success for Entrepreneurial Americans who wanted to legally steal produce financial success.