Clinton Won’t Propose New Glass-Steagall, Blinder Says: ReutersMadeline McMahon
Democratic presidential candidate Hillary Clinton won’t propose reinstating Glass-Steagall Act, which would break up banks, according to adviser Alan Blinder, Reuters reports.
- “You’re not going to see Glass-Steagall,” Blinder said, adding that he spoke to Clinton directly about the matter: Reuters
- NOTE: Last week, Democratic Sen. Elizabeth Warren and Republican Sen. John McCain introduced the “21st Century Glass-Steagall Act,” S. 1709
- NOTE: Sen. Bernie Sanders and former Md. Gov. Martin O’Malley, both vying for the 2016 Democratic nomination, have called to break up biggest U.S. banks
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