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The Boston Globe

Opinion

elizabeth warren

Scaling back ‘too big’

The 21st Century Glass-Steagall Act would reduce the risk of another crash

Five years have passed since the financial crisis, but we all remember its darkest days. Credit dried up. The stock market cratered. There were legitimate fears that the dominos of our financial system would never stop falling.

The crash happened quickly and dramatically, and it caught our nation and apparently even our regulators by surprise. But the causes of the crisis were years in the making, and the warning signs were everywhere.

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