“Banking should be boring.” That’s the slogan accompanying Sen. Elizabeth Warren’s latest project, a highly anticipated bill
that would reinstate the firewall between commercial and investment
banking, first instituted after the Great Depression as the
Glass-Steagall Act. Warren’s implied goal is to make the institutions
that take customer deposits, and perform simple lending, smaller and less risky. If a bank wants to gamble in the Wall Street casino, under her legislation, they can’t accept taxpayer support.
More here: Elizabeth Warren’s new fight
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