Warren proposes new Glass Steagall Act (yes we can)

Everyone should hear and understand this important presentation.

Senator Elizabeth Warren (D-MA) outlined an updated version of the Glass Steagall Act, which would be designed to control risk at the nation’s largest banks. She called on Congress to better regulate the “too big to fail” banks. She compared the struggle to regulate large financial institutions as a David versus Goliath struggle, saying, “David beat Goliath with the passage of Dodd-Frank….I am confident David can beat Goliath on ‘too big to fail.’ We just have to pick up the slingshot again.”

This keynote address was part of a Roosevelt Institute- Americans for Financial Reform event for the release of their joint report on issues remaining in the financial industry after the implementation of the 2010 Dodd-Frank financial regulations law and the formation of the Consumer Financial Protection Bureau.Here is a direct video link.

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