It's an all out war for banking regulation yet if you turned on the television or picked up a newspaper, you would like know NOTHING about it.
Across all ideological and political divisions, Americans, and Europeans for that matter, are in favor of reinstating Glass-Steagall. Compromised media and politicians are still, of course, arguing that it wouldn't do any good.
#bigbank JPMorgan Chase Gets $14 Billion Per Year In Subsidy while 99% get austerity and debt http://t.co/USoJBWxg5e #nwo #glasssteagall
— TwistedEconomix (@TwistedEconomix) July 23, 2013
| Conservatives and Libertarians Should Support the Return of Glass-Steagall Huffington Post Glass-Steagall prevented a classic conflict of interest that we know frequently arises in the real world. Commercial banks are subsidized through federal deposit insurance. Most economists support providing deposit insurance to commercial banks for ... See all stories on this topic » |
| Lots of noise from Warren but little delivery Boston Globe The super-earnest guest argued that “banking should be boring,” and wants to bring back the Glass-Steagall Act, one of Franklin Roosevelt's Depression-era reform bills. Ah yes; the hundred-megawatt smile; the Dos Passos-era haircut; the broad vowels ... See all stories on this topic » |
| Elizabeth Warren Schools CNBC On Banking, CNBC Tries to Cover It Up PolicyMic In 1933, the Glass-Steagall Act was passed by Congress as a way to prevent bank crashes that lead to the Great Depression. The act required banks that accept federally insured deposits from the Federal Deposit Insurance Corporation (FDIC) to focus on ... See all stories on this topic » |
| SHOULD CONGRESS REINSTATE BANS ON FEDERALLY INSURED BANKS ... U-T San Diego YES: This ban was a Depression-era reform, the Glass-Steagall Act, which separated commercial banking from investment banking: An institution could either take deposits or trade securities, but not both. The act prevented deposits from being used to ... See all stories on this topic » |
| Warren's Mistake About Wall Street Risk-Taking Bloomberg On July 11, Warren introduced the “21st Century Glass-Steagall Act of 2013,” theoretically designed to “reduce risks to the financial system by limiting banks' ability to engage in certain risky activities and limiting conflicts of interest.” Warren's ... See all stories on this topic » |
| Tea Party Backs Elizabeth Warren's Move to Break up Big Banks Politix Reinstating Glass-Steagall was most recently proposed in a bill sponsored by Elizabeth Warren last week, which provides a pretty watertight blueprint for breaking up the big banks and preventing future government bailouts. Unsurprisingly, the bill is ... See all stories on this topic » |
| Keep sharks away from bank customers STLtoday.com Elizabeth Warren and John McCain are pitching their proposal for a 21st-century version of the Glass-Steagall Act, I can't help but wonder if they're making a mistake. Mostly they have promoted their new bill in terms of protecting taxpayers and the ... See all stories on this topic » |
| CNBC Strikes Out with Elizabeth Warren Economic Populist Senator Elizabeth Warren appeared on CNBC's "Squawk Box" last Friday to discuss her proposed update of the Glass-Steagall Act and the big banks --- but the station's hosts didn't appear to be willing participants --- they almost sounded hostile. See all stories on this topic » |
| Glass-Steagall Act 2013: When Financial Regulation is the Best Thing Ever Money Morning Unlikely political bedfellows Senators Elizabeth Warren (D-MA) and John McCain (R-AZ) have put their voices together to call for a 21st century version of the Glass-Steagall Act, also known as the Banking Act of 1933. This proposed regulation will ... See all stories on this topic » |
| McCain, Warren Bring Back Glass-Steagall Huffington Post Bringing back an old law known as Glass-Steagall, Elizabeth Warren and John McCain have introduced legislation that would require Wall Street to separate investment banking and securities. Is the future of financial reform found in the past? Hosted by:. See all stories on this topic » |
| Barney Frank dismisses calls for Glass-Steagall redux CNBC.com "The point of Glass-Steagall is we'll only let banks do certain things, but very damaging things were done in the economy outside of banks," said Frank. The Massachusetts Democrat was an architect of the Dodd-Frank reform bill in the wake of the 2008 ... See all stories on this topic » |
| Delaware lawmakers among opponents to resurrecting bank law The News Journal Banks, including some with large operations in Delaware, oppose returning to Glass-Steagall, and lobbied heavily against a nonbinding resolution in the Delaware General Assembly that would have urged Congress to act. Gov. Jack Markell also opposes a ... See all stories on this topic » |
| Glass-Steagall 2.0: Senators Introduce Throw-Back Banking Regulation Compliance Week (subscription) Banks have seen both record profits this year and an unprecedented flurry of new regulations they say could threaten that prosperity. The list of reforms includes new capital requirements, restrictions on derivatives trading, new requirements for money ... See all stories on this topic » |
| Tuesday Rundown: Reigning in the Banks & Middle East Strategy 90.5 WESA The Glass Steagall Act of 1933 created a division between banks that lend and banks that engage in risky trading. But the law was repealed in 1999. Now a bipartisan group of Senators, including Elizabeth Warren and John McCain have introduced a new ... See all stories on this topic » |
| Report: Financial regulation increased in years before 2008 crisis Daily Caller Hester Peirce, another Mercatus scholar and the author of “”Dodd-Frank: What It Does and Why It's Flawed,” argued to The Daily Caller News Foundation that the repeal of Glass-Steagall did not impact America's financial stability. “If you look at the ... See all stories on this topic » |
