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Dem Lawmakers Grapple with Calls to Bring Back Glass-Steagall.

Authors :
Mckendry, Ian
Source :
American Banker; 7/29/2016, Vol. 181 Issue 145, p1, 1p
Publication Year :
2016

Abstract

The article reports that Democratic legislators are cautious about the idea of resurrecting the banking legislation Glass-Steagall Act in the U.S. Topics include Representative Brad Sherman for California noting that the old Glass-Steagall separated commercial and investment banking, the claim by some Democrats that the Dodd-Frank Act of 2010 already acts as a modern version of Glass-Steagall, and former Treasury Secretary Larry Summers saying that Glass-Steagall would not curb systemic risk.

Details

Language :
English
ISSN :
00027561
Volume :
181
Issue :
145
Database :
Complementary Index
Journal :
American Banker
Publication Type :
Periodical
Accession number :
117061818