Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
GOP Platform to Call for Reinstatement of Glass-Steagall
#1
https://morningconsult.com/alert/gop-pla...-steagall/

Quote:The Republican Party will call for the reinstatement of the Depression-era Glass-Steagall law that separated investment and consumer banking functions, a top official for Donald Trump’s presidential campaign said Monday.
Paul Manafort, Trump’s campaign chairman, told reporters in Cleveland that the GOP platform will “call for the reintroduction” of Glass-Steagall, which would “create barriers between what the big banks can do and try and avoid some of the crisis that led to 2008.”
“We believe that the Obama-Clinton years have passed legislation that has been favorable to big banks, which is why you see all of the Wall Street money going to her,” Manafort said, referring to presumptive Democratic nominee Hillary Clinton. “They know she’s their champion, and they’re supporting her fully. We are supporting small banks and Main Street.”
The draft Democratic platform calls for “an updated and modernized version of Glass-Steagall.” Reinstating the law was a key economic position of Sen. Bernie Sanders (I-Vt.), Clinton’s longtime challenger for the Democratic nomination before he endorsed her for president. Former President Bill Clinton signed the repeal of Glass-Steagall elements contained in the 1999 Gramm-Leach-Bliley Act.
Manafort also said the GOP platform backs legislation that deals with “some of the mistakes made in imposing Dodd-Frank.” He did not explicitly refer to the Financial CHOICE Act, a proposal from House Financial Services Committee Chairman Jeb Hensarling (R-Texas) that’s considered the conservative alternative to the 2010 Dodd-Frank law.
Language “about having better trade deals and the need to negotiate better trade deals” will also be part of the GOP’s platform, Manafort said. Trump has railed against the current model for trade policy, including the 12-nation Trans-Pacific Partnership, on the campaign trail.

https://morningconsult.com/alert/gop-pla...-steagall/
Reply
#2
Surprise! One good thing.

Now why didn't Republicans insist upon the reinstatement of the Glass-Stegall Law when they had majorities in the House?

Suggestion to President Obama: call the Republicans out on this one.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist  but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.


Reply
#3
National liberalism is really breaking out all over.
"These, and many other matters which might be noticed, add a volume of unofficial declarations to the mass of organic utterances that this is a Christian nation" - Justice David Brewer, Church of the Holy Trinity v. United States, 1892
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  GOP Leader Defends Keeping Election Records Secret chairb 0 607 10-19-2021, 10:14 PM
Last Post: chairb
  GOP governor pushes Texas’ first sales tax hike in 30 years random3 10 2,883 03-03-2021, 08:21 PM
Last Post: March3
  Mayor Bill de Blasio: NYC is going to ban 'glass and steel skyscrapers' LNE 0 507 01-30-2021, 10:48 PM
Last Post: LNE
  Ex-GOP Lawmaker: Trump Is “Illegitimate President,” Should Be Impeached mily 21 7,617 12-09-2019, 11:36 PM
Last Post: married1959
  Kathie Glass announces Libertarian bid for governor nom 0 1,537 02-04-2018, 09:23 PM
Last Post: nom
  GOP Far From United naf140230 0 1,952 01-07-2017, 09:51 PM
Last Post: naf140230
  The GOP Has Been HIJACKED! Anthony '58 217 116,494 10-14-2016, 07:55 AM
Last Post: Bob Butler 54
  Prominent Republicans call for Donald Trump to drop out of the nomination pbrower2a 7 7,807 10-12-2016, 07:06 AM
Last Post: Odin
  But What If Trump is the GOP's Iturbide? Anthony '58 5 4,121 10-08-2016, 10:51 AM
Last Post: Bob Butler 54
  GOP Fails To Unify naf140230 23 12,932 07-28-2016, 05:12 PM
Last Post: Classic-Xer

Forum Jump:


Users browsing this thread: 1 Guest(s)