雷曼兄弟公司已遭遇破产、贝尔斯登和美林被商业银行接收、高盛和摩根·士丹利已转型为商业银行。
Lehman Brothers has gone bust; Bear Stearns and Merrill Lynch have been swallowed by commercial Banks; and Goldman Sachs and Morgan Stanley have become commercial Banks themselves.
该法案于1999年被废除，商业银行进而得以从事证券业务，并最终有实力与贝尔斯登和美林等公司竞争。
The repeal of Glass-Steagall, in 1999, allowed commercial banks to break into the securities business and ultimately gain the heft to compete with the likes of Bear Stearns and Merrill.
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