You think bankers are whining about higher capital requirements? Glass-Steagall would be the biggest threat yet to their industry, compensation and way of life. It just isn’t going to happen.
Nevertheless, a bipartisan group of lawmakers led by Sens. Elizabeth Warren, (D., Mass.) and John McCain, (R., Ariz.), last week introduced legislation that would bring back Glass-Steagall, the Depression-era law that separated retail and commercial banking from investment banking.
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