O’Malley Calls for New Glass-Steagall, Crackdown on Banks

“When laws are broken, Wall Street CEOs and their institutions get off with nothing more than fines paid by shareholders that they can write off as business expenses,” Democratic presidential candidate Martin O’Malley says in Des Moines Register op-ed.

  • Reiterates call for new Glass-Steagall that would separate banks’ commercial and investment banking divisions
  • Says he’d create division at DOJ to investigate and prosecute economic crimes
  • NOTE: O’Malley draws an average of 0.7% in RealClearPolitics average of recent national polls

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