Warren Pushes Trump Administration on Plan to Break Up Megabanks
- Senator says discussions with administration have been ‘good’
- Reviving Glass-Steagall would protect consumers, she says
Kevin Cirilli sat down with U.S. Senator Elizabeth Warren (D-Mass.) at Bloomberg's studios in Washington, where he asked about the possibility of establishing a 21st Century Glass-Steagall. (Source: Bloomberg)
U.S. Senator Elizabeth Warren is eager to pursue legislation that would break up Wall Street megabanks and has pushed the issue with members of the Trump administration.
“We’re certainly reaching out to the administration," Warren, a Massachusetts Democrat, said in an interview with Bloomberg Television airing Wednesday. “‘So far we’ve had some good conversations and that’s what I want to see happen. I’m ready. Because you know, this is one of those basic things -- folks on Wall Street may resist it. But most of the American people get it."