# Professor Richard Sylla shares his views on the history of bank regulation in the United States

1 Faculty News December 14, 2015 ![WNYC logo](/sites/default/files/styles/246w/public/assets/images/con_032168.jpg?itok=yBRML88U)>

Excerpt from [WNYC](http://www.wnyc.org/story/why-hillary-clintons-wall-street-ties-cause-lingering-concern/) -- "In 1998, President Bill Clinton signed the industry-backed repeal of the Glass-Steagall Act, a 1930s law which barred overlap between commercial and investment banks. After that repeal, [Sylla](http://www.stern.nyu.edu/faculty/bio/richard-sylla) said, the phrase-du-jour was 'financial innovation.' 'We were in an era of de-regulation,' Sylla told me. 'There was a notion that the 1930s had regulated us too much and therefore the solution was to deregulate.'"

[Read more](http://www.wnyc.org/story/why-hillary-clintons-wall-street-ties-cause-lingering-concern/)