Some of the "too big to fail" issues we saw was definitely because companies got into multiple lines of business that Glass-Steagall would have prevented.
> Some of the "too big to fail" issues we saw was definitely because companies got into multiple lines of business that Glass-Steagall would have prevented.
Those "other lines of biz" provided some diversification that gave them some chance of survival. It also made it possible for banks to save some of the trading firms.
