Clinton Nightmare: Republican Platform Reinstates Glass-Steagall

[WestVirginiaRebel]

Breitbart:

Donald Trump is using his Art of the Deal to attack Hillary Clinton’s Wall Street fundraising spigot by promising to reinstate the Depression-era Glass-Steagall Act that her husband, President Bill Clinton, repealed in the waning days of his Administration.

 

The demand to repeal Glass-Steagall is also a page taken from Hillary’s primary opponent, Sen. Bernie Sanders (I-VT), and offers an opportunity to hit her from the left as well as the right.

 

According to a report by The Hill, Donald Trump campaign manager Paul Manafort told reporters in Cleveland on the first day of the Republican National Convention that the GOP Platform would include language calling for “a reintroduction of Glass-Steagall, which created barriers between what big banks can do.”

 

And, indeed, the final platform — passed by the convention on Monday — did (emphasis added):

 

The Dodd-Frank law, the Democrats’ legislative Godzilla, is crushing small and community banks and other lenders. The Federal Communications Commission is imperiling the freedom of the internet. We support reinstating the Glass-Steagall Act of 1933 which prohibits commercial banks from engaging in high-risk investment.

 

 

The former Secretary of State has never had a morally dilemma about being politically “flexible” regarding what she advocates or opposes. Once for the Keystone XL pipeline and the Trans-Pacific Partnership, Hillary triangulated away to oppose the both measures that she had helped negotiate. To buy love from her liberal nemesis, Sanders, she flipped to support his 1) free in-state public college tuition; 2) $15 minimum wage; and 3) “Medicare for all.”

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Risk could be their business again?