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Simple English definitions for legal terms

Glass–Steagall Act

Read a random definition: reservation-of-rights letter

A quick definition of Glass–Steagall Act:

The Glass-Steagall Act is a law that was created to protect people who put their money in banks. It stops banks from doing things like owning companies that sell stocks or helping people buy and sell stocks. This law was made in 1933 and is also called the Banking Act of 1933.

A more thorough explanation:

The Glass–Steagall Act, also known as the Banking Act of 1933, is a federal law that aims to protect bank depositors by limiting the securities-related activities of commercial banks. Specifically, the law prohibits banks from owning brokerage firms or engaging in the brokerage business.

For example, under the Glass–Steagall Act, a commercial bank cannot offer investment services or sell securities to its customers. It also cannot own a brokerage firm or engage in any activities related to buying or selling securities.

The purpose of the Glass–Steagall Act is to prevent conflicts of interest and protect the stability of the banking system. By separating commercial banking from investment banking, the law aims to prevent banks from taking excessive risks with their customers' deposits.

glass ceiling | glebae ascriptitii

General

General chat about the legal profession.

General >T14 Off Topic

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babycat

8:55

@llama: i got enfj-t

BulbasaurNoLikeCardio

8:55

ISTJ, for some reason HR made us take a personality quiz

babycat

8:55

In the first one

babycat

8:55

it says protagonist lol

llama

8:56

@BulbasaurNoLikeCardio: what test did yall use? That is v intersting

llama

8:57

@babycat: rare. upon reflection does it seem accurate?

babycat

8:58

“Your career path is likely to be driven by a deep-seated need to make a meaningful difference in people’s lives. You thrive in roles that allow you to inspire, guide, and develop others, making you an excellent teacher, counselor, or team leader. Your natural charisma and ability to articulate a compelling vision make you a standout in fields like human resources, public relations, or non-profit management.”

babycat

8:58

I like this

BulbasaurNoLikeCardio

9:00

@llama: honestly no idea it was through workday. I think it was like 2-3pts ISTJ over INTJ

llama

9:00

the second test I linked gives careers. not sure if they use database correlation or something else?

llama

9:01

@BulbasaurNoLikeCardio: that makes sense: you and bunny are both willing to go out of ur way to help others

BulbasaurNoLikeCardio

9:04

I honestly do not remember what it said about my personality type as it was almost two months ago

babycat

9:05

llama seems like he knows a lot about this so i will defer to his expertise

llama

9:07

*does not. I am clueless to the validity. I think Im on the spectrum and in trying to understand social interaction, I have used theses 'types' to try to understand people

glovediedthisishismom

9:09

guys my boss was out all last week mysteriously for a "vacation" right after the accounting people found a bunch of messy stuff in the numbers, and she stil isnt here today

babycat

9:11

omg!! scandal

llama

9:11

@glovediedthisishismom: she pulled some cash from the corp, gambled on red @ Vegas [like Fred Smith of FedEx], and LOST, now does not know what is next, probably. https://www.google.com/search?client=firefox-b-1-d&q=fedex+gambling+story

babycat

9:14

@llama: it’s okay i have like a little bit of girl autism too i think

llama

9:17

@babycat: mine is self diagnosed- is yours? I do want to get a psyche eval at some point

BulbasaurNoLikeCardio

9:18

I have "operator syndrome" which is VA for a lot of TBIs, everyone is a little special but also being social sometimes just sucks. Not everyone is wired to be a super extrovert and it is okay to be less social

babycat

9:19

actually mine is diagnosed by Dkk of this chat

BulbasaurNoLikeCardio

9:20

@babycat: does it work like girl math or different?

babycat

9:20

i’m pretty social and probably not autistic. when I say girl autism I mean I just have some like trauma from my childhood

llama

9:20

@BulbasaurNoLikeCardio: very possible as well.

starfishies

9:20

i thought it was a knod to how girls are often under diagnosed for things like adhd and autism lol

babycat

9:21

you can have a sense that you’re different from other people and don’t fit in or don’t understand them without being autistic I think

babycat

9:21

@starfishies: yeah that’s totally fair too

triplethread

9:22

today is THE day

babycat

9:22

also I’m on medicaid so even if i had autism I wouldn’t be able to get it diagnosed

llama

9:23

@babycat: yes exactly, the benefit of being diagnosed is marginal at best

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