The Logical Leftist
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Will Hillary Clinton Get Tough On The Banks? Probably Not.
Posted
July 15, 2015
Views
275
Likes
12
Engagement
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July 15, 2015
275
12
4.36%
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"Democratic presidential candidate Hillary Clinton will not propose reinstating a bank break-up law known as the Glass-Steagall Act, said Alan Blinder, an economist who has been advising Clinton's campaign.
"You're not going to see Glass-Steagall," said Blinder, who was named by the Clinton campaign this weekend as one of 10 outside advisers on economic policy development. He said on Monday he spoke to Clinton directly about Glass-Steagall.
The law separated commercial banks from investment banks. Many liberal activists believe that reinstating it and breaking up the biggest U.S. banks would help prevent financial crises. Clinton's campaign declined to comment on Monday on reinstating Glass-Steagall. "
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