On Rick Perry’s Plan to Reform Wall Street

[Draggingtree]

:
On Rick Perry’s Plan to Reform Wall Street

 

James Pethokoukis July 31, 2015

 

Rick Perry has a financial reform agenda (via The Hill):

 

Former Texas Governor Rick Perry is taking a position to Hillary Clinton’s left on financial reform, and pushing for a policy to break up big banks staunchly advocated by Sen. Elizabeth Warren (D-Mass.). The GOP presidential candidate laid out his vision for Wall Street reform in a speech Wednesday. And among his policy proposals, Perry apparently advocated for the return of the Glass-Steagall Act, which established a firewall between traditional commercial banking and investment banking. … In remarks delivered in New York, Perry did not mention Glass-Steagall by name, but floated among several policy proposals one that is practically identical. … Perry also floated an alternate idea of requiring large banks to hold additional capital as a cushion, but the idea of cleanly separating commercial and investment banking was a signature provision of Glass-Steagall.

Anyways, here is the Perry campaign fact sheet.