Home Tags Glass-Steagall Act
Tag: Glass-Steagall Act
The Trump administration says it will reinstitute a "21st-century Glass-Steagall," but it doesn't sound like the original Glass-Steagall at all.
Mnuchin's testimony on too-big-to-fail banks is just the most recent example of a promise that he had to soften.
"You're saying you are in favor of Glass-Steagall, which breaks apart the two arms of banking, except you don't want to break apart the two parts of banking."
"I'm looking into that right now," Trump told Bloomberg about bringing back the "old system" that separated consumer lending and investment banking.
Trump’s top economic adviser, a former Goldman Sachs executive, told senators he’s in favor of a rule that would radically transform Wall ...
Gary Cohn told members of the Senate Banking Committee he was in favor of separating commercial and investment banks.
Mnuchin touted the revitalization of a decades-old regulation on banks during his confirmation hearing on Thursday.
According to Trump campaign manager Paul Manafort, the official Republican platform will call for the reinstatement of the Glass-Steagall Act.