They have made the case that she is too close to Wall Street banks. If the goal is to jump-start the United States economy and create more jobs, reinstating Glass-Steagall will most likely hinder, not help. Dodd-Frank, a response to the Wall Street collapse of 2008-9, both bailed out the financial services industry and imposed new regulatory restrictions on it. For decades, that law was a bedrock principle on Wall Street, where the peanut butter of lending and deposit-taking never mixed (legally) with the chocolate of playing the market. Advertisement Continue reading the main storyPerhaps more interesting is how and why Mr. Trump, almost unilaterally, decided to add the return to Glass-Steagall to the Republican platform.

Source: International New York Times July 26, 2016 00:53 UTC