Is the Trump Administration Bringing Back Glass-Steagall?
The repeal of Glass-Steagall is widely blamed for the 2008 financial crisis.
The depression era law separated commercial and investment banking, it was repealed during the Clinton administration. According to Bloomberg, a White House economic adviser & former Goldman Sachs exec reportedly told lawmakers in private that he would like to see the separation restored... in a more modern form.
The repeal of Glass-Steagall is widely blamed for the 2008 financial crisis.
Read Full Article Here:A Trump Adviser From Wall Street Wants to Bring Back Glass-Steagall
This article was written by a staff member of TheStreet.
