Warren, McCain introduce bill to bring back Glass-Steagall

The Hill ^ | July 7, 2015 | Kevin Cirilli

[2ndDivisionVet]

Sens. Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.) are reintroducing legislation to revive the Glass-Steagall Act, which would force big banks to split their investment and commercial banking practices.

Glass-Steagall was first passed in 1933 but repealed during the Clinton administration, leading many progressives to argue that it contributed to the 2008 financial collapse.

Warren and McCain, along with their cosponsors, Sens. Angus King (I-Maine) and Maria Cantwell (D-Wash.), said in a statement that the legislation would make big banks that are "too big to fail" smaller and safer and minimize the likelihood of a government bailout....

[9YearLurker]

1 ad hominem adjective ad ho·mi·nem \(ˈ)ad-ˈhä-mə-ˌnem, -nəm\ Definition of AD HOMINEM 1: appealing to feelings or prejudices rather than intellect 2: marked by or being an attack on an opponent's character rather than by an answer to the contentions made

[eartick]

Thanks for correcting me

[FredZarguna]

Not really correcting. Just expanding.