Clinton Won’t Propose New Glass-Steagall, Blinder Says: Reuters

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
Earlier: Hillary Clinton Vows to Revamp Wall Street