US president George W Bush, left, appointed former Goldman Sachs CEO Henry Paulson to the position of US Treasury ...

Bad banks, carers and school funding

Pierpont so rightly comments, in "Crazy bonds pressure banks" (October 6), on the damage done leading up to the global financial crisis by the dumping of the Glass-Steagall Act in 1999 and the failure to reintroduce it after the GFC.