Thursday 18 May 2017

Sen. Warren blasts Treasury Sec. Mnuchin for ‘Orwellian’ double-speak on Glass-Steagall

He’s in favor of Glass-Steagall. Just not that Glass-Steagall. Treasury Secretary Steven Mnuchin was lambasted by Sen. Elizabeth Warren for saying that he supported a “21st-century Glass-Steagall” Act, but opposed breaking up banks’ commercial and investment banking functions. “This is bizarre!” fumed Warren, a Massachusetts Democrat, at Mnuchin during a hearing on Capitol Hill that

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