April 13, 2016 (EIRNS)—The fight over the need to reinstitute FDR’s Glass-Steagall, in order to rein in Wall Street, has come to the fore in the run-up to the April 19 New York Democratic primary, as attested by two recent developments. The first was Both Hillary Clinton and Bernie Sanders are talking tough about Wall Street reform. But only Bernie Sanders is advocating a reprise of the 1933 Glass-Steagall Act, specifically that section of the Depression-era act that had prohibited commercial banks and April 12, 2016 (EIRNS)—Topic No. 1 of WNYC radio Brian Lehrer’s "30 Issues in 30 Weeks" pre-election series, which started on Monday, just a week before the New York primary, was one "at the heart" of the Democratic Party campaign, host Lehrer There is a simple move Clinton can make to prove she is willing to take bold action against Wall Street: She can bring back the Glass-Steagall Act that put up a firewall between commercial and investment banking. Over the course of recent Democratic I never wiffle-waffle on issues.” When Cooper returned to him, he asked Chafee how he could criticize Clinton for her ties to Wall Street when he voted to repeal Glass-Steagall. His less-than-nimble response was that it was his first vote in the Senate There's a great irony in the history of Citigroup (NYSE:C). While it's been credited with breaking down the wall between investment and commercial banking in the late 1990s, its predecessor entity, the City Bank of New York, was one of the leading .

But that becomes problematic when the fact checkers are taking her side. As for Hillary, she has rejected a return to glass steagall, as she has become the darling of Wall Street speculators who are heavily funding her campaign. She vehemently defends Bill The 1933 Banking Act, including the Glass-Steagall provisions, sought to separate commercial and investment banking. The idea was to learn from history and take away public deposits from the Bankers ability to access them for private gain. Starting in the The likelihood of any Republican candidate taking on this key issue is not even worthy of discussion. Central to his argument is the Glass-Steagall Act, an act repealed by Bill Clinton — after years of lobbying from the financial sector — that once It was an even bigger shock when he vocally attacked the Vermont Senator for wanting to break up the big banks by bringing back the New Deal Era Glass-Steagall law banning commercial and investment banks from merging. In a recent interview with PBS .

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