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July 19, 2016

The Hill: GOP platform to call for return to Glass-Steagal

“Both major political parties are now calling for an overhaul of the financial industry through the return of Glass-Steagall, a Depression-era banking law.

“Paul Manafort, presumptive Republican presidential nominee Donald Trump‘s campaign manager, told reporters gathered in Cleveland Monday that the GOP platform would include language advocating for a return of that law, which was repealed under President Bill Clinton.”

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“It’s potentially great news for financial reform and protecting taxpayers, as long as it’s not another Republican Trojan Horse that looks good, but concealed underneath are killer loopholes and big bank giveaways,”

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To read the full Hill article by Peter Schroeder click here

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