O’Malley Challenges White House Rivals on Glass-SteagallKim Chipman
Democratic presidential aspirant Martin O’Malley calls for all 2016 White House contenders to embrace steps aimed at reining in big U.S. banks.
- “Every Democrat who is running for president needs to commit to finishing the job that Dodd-Frank started,” the former Md. governor says in statement
- Candidates should be “clear” on 4 points:
- Passing modern Glass-Steagall Act to ensure banks split the “casino side from the consumer side” *
- “Closing the revolving door between regulatory agencies and Wall Street”
- Preventing “architects of Wall Street deregulation” from serving in top administration posts
- Imposing “real” penalties on cos. that break law Related:O’Malley Channels Warren in Call for Breakup of Large U.S. Banks; Clinton Won’t Propose New Glass-Steagall, Blinder Says: Reuters
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