---
title: "1 Investment Banks Quotes By Robert Skidelsky"
description: "1 Investment Banks quotes by Robert Skidelsky. Plus more from Robert Skidelsky and more Investment Banks sayings from other authors."
image: "https://sms4smile.com/quotes/i/65e/robert-skidelsky-50275_investing_notably-the-1999-repeal-of-the-us-glass_594229.jpg"
---

> [“notably the 1999 repeal of the US Glass–Steagall Act – allowed commercial banks to become investment banks as well. In addition to investing their depositors’ money, they became highly leveraged speculators in the newly developed securities,”](https://sms4smile.com/quotes/robert-skidelsky/notably-the-1999-repeal-of-the-us-glass-steagall-act-allowed/)

[Robert Skidelsky](https://sms4smile.com/quotes/author/robert-skidelsky/)

[Image](https://sms4smile.com/quotes/i/65e/robert-skidelsky-50275_investing_notably-the-1999-repeal-of-the-us-glass_594229.jpg)

## More by Robert Skidelsky

> [“By the end of 2007, UK household debt had reached 177% of disposable income, mortgage debt 132%. Martin Wolf wrote in the Financial Times in September 2008”](https://sms4smile.com/quotes/robert-skidelsky/by-the-end-of-2007-uk-household-debt-had-reached-177-of-disposable/)

[Robert Skidelsky](https://sms4smile.com/quotes/author/robert-skidelsky/)

> [“notably the 1999 repeal of the US Glass–Steagall Act – allowed commercial banks to become investment banks as well. In addition to investing their…](https://sms4smile.com/quotes/robert-skidelsky/notably-the-1999-repeal-of-the-us-glass-steagall-act-allowed/)

[Robert Skidelsky](https://sms4smile.com/quotes/author/robert-skidelsky/)

> [“The UK office for National Statistics has identified the things that matter most for happiness as "health, relationships, work, and the environment" - a…](https://sms4smile.com/quotes/robert-skidelsky/the-uk-office-for-national-statistics-has-identified-the-things-that/)

[Robert Skidelsky](https://sms4smile.com/quotes/author/robert-skidelsky/)

> [“...You haven't I suppose ever mixed with politicians at close quarters. They're awful...their stupidity is inhuman.”](https://sms4smile.com/quotes/robert-skidelsky/you-haven-t-i-suppose-ever-mixed-with-politicians-at-close-quarters/)

[Robert Skidelsky](https://sms4smile.com/quotes/author/robert-skidelsky/)

> [“Kanjorski claims to be repeating an account of events given to him by US Treasury Secretary Henry Paulson and Fed Reserve chairman Ben Bernanke:…](https://sms4smile.com/quotes/robert-skidelsky/kanjorski-claims-to-be-repeating-an-account-of-events-given-to-him-by/)

[Robert Skidelsky](https://sms4smile.com/quotes/author/robert-skidelsky/)

> [“The securitization of mortgages was not new; its explosion after 2000 was the result of three deregulating policy decisions: the repeal in 1999 of…](https://sms4smile.com/quotes/robert-skidelsky/the-securitization-of-mortgages-was-not-new-its-explosion-after-2000/)

[Robert Skidelsky](https://sms4smile.com/quotes/author/robert-skidelsky/)

> [“If only one person were perfectly informed there could never be a general crisis. But the only perfectly informed person is God, and he…](https://sms4smile.com/quotes/robert-skidelsky/if-only-one-person-were-perfectly-informed-there-could-never-be-a/)

[Robert Skidelsky](https://sms4smile.com/quotes/author/robert-skidelsky/)

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