2016 Postmortem
In reply to the discussion: Closed vs. Open Primaries: Final Attempt to Delegitimize Hillary’s Victory Is Discredited [View all]Hortensis
(58,785 posts)moderate liberal Democrat. The Bernies of his day were very angry with him for getting in their way, the same as they are with Hillary now but a lot more. So (no surprise), in those days G-S was a large and very much needed, but very unsatisfyingly revolutionary, move.
A better question is, in this enormously different environment, would FDR's advisors of today recommend just keeping banks out of the investment business as the major fix for our financial industry problems, or would they think the rest of the financial industry needed to be regulated? What would they think of Dodd-Frank and how would they develop it further in future?
As a side note, those guys were very smart. How long would it take for them to wrap their minds around all the ramifications of computerized global finance and be able to foresee what would happen to L, F1, F3, A, and R separately and in combination if D, O, and/or G were changed?
(Just so you know, I've always wanted the banks broken up again. I remember when B of A used to be able to operate in only 3 states. Are we stupid or what!)