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October 16, 2015

Better Markets Applauds Former Gov. Mike Huckabee’s Support for Reinstating Glass-Steagall

FOR IMMEDIATE RELEASE 
Friday, October 16, 2015
Contact: Jeff Gohringer, 202-618-6430 or jgohringer@bettermarkets.com

Better Markets Applauds Former Gov. Mike Huckabee’s Support for Reinstating Glass-Steagall

Washington, DC — Better Markets President and CEO Dennis Kelleher issued this statement on former Gov. Mike Huckabee’s support for reinstating Glass-Steagall to separate low-risk traditional commercial banking and higher-risk investment banking:

“Gov. Huckabee joins a growing chorus of Presidential candidates who are talking seriously about protecting America’s hardworking families from the danger of Wall Street’s reckless gambling.  Reinstating a Glass-Steagall law to make a structural change to our financial system that separates lower-risk traditional banking from higher-risk investment banking is one way to do that, and we applaud Gov. Huckabee for supporting it.

“While there’s no silver bullet that will entirely protect Americans’ jobs, homes and savings from another financial crash, this type of structural change would help to protect the American people and prevent their tax dollars from being used to bail out Wall Street’s riskiest too-big-to-fail megabanks. Voters deserve to hear from all Presidential candidates on whether they support strong financial reforms, including structural changes to protect Main Street from Wall Street’s high-risk gambling.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.

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