Glass-Steagall Still an Issue
Whether the overturning of the Glass-Steagall Act that separated banking from securities trading led to the Great Recession is disputed by scholars and presidential candidates. Elizabeth Williamson, reporter for The Wall Street Journal covering national politics, talks about how 2016 candidates are still debating the 1930s bill, its 1990s repeal, and candidates reactions to the recent market slide.
@BrianLehrer Hilary's reasons for not reinstating GS fall flat, show her disconnect and remind me of why I'll vote for her begrudgingly
— Amanda Storti (@globalgrl8) August 25, 2015
@BrianLehrer A prime example of why I'm conflicted when it comes to Clinton. If only Sanders stood a real chance.
— Virginia Rietz (@ginzinger) August 25, 2015
@BrianLehrer 4/4 There is a folk-belief that it is responsible for mortgage securitization - but that was Freddy and Fannie decades ago.
— Pitt Labs (@PittLabs) August 25, 2015
@BrianLehrer Hard for @HillaryClinton to defend Glass-Steagall; it'd make Bill partly responsible for Great Recession, damage #Clinton brand
— Juan Manuel BenÃtez (@JuanMaBenitez) August 25, 2015
