Tag: Glass-Steagall Act

Would someone please do a wellness check up on me sometime this week, I just found myself agreeing with President Trump. In an interview with Bloomberg News, the president suggested he wanted to go back to the days of Glass-Steagall and force banks to separate their consumer banking from their…

This is a big fricking deal… Sens. Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.) are reintroducing legislation to revive the Glass-Steagall Act, which would force big banks to split their investment and commercial banking practices. Glass-Steagall was first passed in 1933 but repealed during the Clinton administration, leading many progressives…