Yahoo Politics: Hillary Clinton doesn’t support revival of Glass-Steagall Act

[portlander23]

Dylan Stableford for Yahoo: Hillary Clinton doesn’t support revival of Glass-Steagall Act

Hillary Clinton says she doesn’t support reinstating a Depression-era banking law that separated commercial and investment banks because her forthcoming proposal for U.S. financial reform is “more comprehensive.”

Vermont Sen. Bernie Sanders and former Maryland Gov. Martin O’Malley — two of Clinton’s challengers for the Democratic presidential nomination — as well as Massachusetts Sen. Elizabeth Warren, who along with Arizona Sen. John McCain, reintroduced legislation to revive Glass-Steagall this year.

“Despite the progress we’ve made since 2008, the biggest banks continue to threaten our economy,” Warren said in a statement introducing the legislation. “The biggest banks are collectively much larger than they were before the crisis, and they continue to engage in dangerous practices that could once again crash our economy.”
“Her closeness with big banks on Wall Street is sincere,” O’Malley said in July. “It’s heartfelt, long established and well known.”

Related:

Democracy Now!: Robert Reich on Glass-Steagall and Bernie Sanders

Clinton: Cooperation, not speeches, is needed to regulate Wall Street

Senator Elizabeth Warren - Reinstating Glass-Steagall:

[virtualobserver]

1. Well....not yet.

[Maedhros]

2. This is the primary difference between Hillary and Bernie:

Bernie would lay out the details of his 'more comprehensive' plan, whereas Hillary just makes a vague reference to it.