It has been maintained that the repeal of the Glass-stegall Act facilitated the global financial crisis. evaluate the accuracy of this claim

 

Athough repeal allowed for much bigger banks it really can't be blamed for the crisis. Repeal of Glass-Steagall Act is argued to have caused the financial crisis because banks were no longer prevented from operating as both commercial and investment banks and it allowed banks to become substantially larger.

The crisis would have still happened without the repeal glass steagall. It was one of the many factors that contributes to to the meltdown in the housing market and unscrupulous lending practices were a large contributer.