What is the Glass-Steagall Act?! Why was it necessary in 1933 to enact such regulation of the financial industry?

1.) What is the Glass-Steagall Act?! Why was it necessary in 1933 to enact such regulation of the financial industry?
2.) What is the GrammLeachBliley Act?
3.) What is the Commodity Futures Modernization Act of 2000?
4.) On the Senate floor, November 12, 1999, a Senator from North Dakota stood up as his colleagues were rushing to repeal The Glass-Steagall Act and spoke these words: I think we will look back in 10 years\’ time and say we should not have done this but we did because we forgot the lessons of the past, and that that which is true in the 1930\’s is true in 2010,\’\’ said Senator Byron L. Dorgan, Democrat of North Dakota. \’\’I wasn\’t around during the 1930\’s or the debate over Glass-Steagall. But I was here in the early 1980\’s when it was decided to allow the expansion of savings and loans. We have now decided in the name of modernization to forget the lessons of the past, of safety and of soundness.\’\’ Did Byron call the shot?! Does the country regret the decision to repeal Glass-Steagall?
5.) What specifically are the Volcker Rules? (List as many as you can)
6.) Are the Volcker Rules necessary? (Use your Minsky here!!!)
7.) Why is getting back to good old boring banking important for short-run and long-run economic growth?
8.) How is re-regulating the financial industry like getting the toothpaste back in the tube?!
9.) Why does the financial industry not want to be re-regulated?