Public Citizen: Let's Close the Bank Casinos
April 09, 2019
April 09, 2019
WASHINGTON, April 9 -- Public Citizen issued the following statement by Bartlett Naylor, financial policy advocate at Congress Watch:
Today, U.S. Rep. Marcy Kaptur (D-Ohio), reintroduced the Return to Prudent Banking Act. The bill restores the separation between commercial banking, such as mortgages and business loans, from higher risk investment banking, such as securities trading. This separation is known as the Glass-Steagall Act. Meanwhile, the U.S. House Financial Services Comm . . .
Today, U.S. Rep. Marcy Kaptur (D-Ohio), reintroduced the Return to Prudent Banking Act. The bill restores the separation between commercial banking, such as mortgages and business loans, from higher risk investment banking, such as securities trading. This separation is known as the Glass-Steagall Act. Meanwhile, the U.S. House Financial Services Comm . . .