Trump, Mnuchin, Glass-Steagall, Wall Street bank regulation
19 May 2017

Treasury Secretary Steven Mnuchin sat in front of the Senate Banking Committee on Thursday and attempted to explain the Trump administration’s position on various economic policies, including the regulation of large banks.

Mnuchin continually said that the administration supports a “21st Century Glass-Steagall,” referring to the Depression-era bill that required commercial and investment banks to remain separate — except for the law’s defining aspect.

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