Mnuchin Says Trump Administration Never Intended to Restore Glass-Steagall Act

By Pam Martens and Russ Martens: May 18, 2017 At a time of growing loss of confidence in the credibility of President Donald Trump, his Treasury Secretary, Stephen Mnuchin, declared today that the Trump administration never had any intention of restoring the Glass-Steagall Act and separating the taxpayer-backstopped insured commercial banks from the high risk Wall Street investment banks. Under intense questioning from Senator Elizabeth Warren at a Senate Banking hearing today, Mnuchin effectively said … Continue reading