Glass-Steagall prevented a banking collapse from 1932 to 1999 (67 years!)
The repeal of Glass-Steagall (1999) by the Clinton Administration is the primary cause of the 2008 banking collapse and subsequent bailouts.
Capitalism does not endorse this view that 5 large banks should control more than half of the banking industry. I do not support this.
Democrats and Republicans support this because the banking industry pays $300,000 speaking fees. Capitalism is not the problem. America has a political problem.