Huffington Post has an item from former Bill Clinton guy, Robert Reich - titled "Hillary Clinton's Glass-Steagall".
In that online article item, we have the following notes by Mr. Reich, on Senator Elizabeth Warren (who - amazingly - is joined by Senator McCain) on the sponsoring of a new, more contemporary, Glass-Steagall Act (that originally arose after the Great Depression stock crash of 1929).
To wit - Robert Reich notes;
Hillary Clinton won't propose reinstating a bank break-up law known as the Glass-Steagall Act -- at least according to Alan Blinder, an economist who has been advising Clinton's campaign. "You're not going to see Glass-Steagall," Blinder said after her economic speech Monday in which she failed to mention it. Blinder said he had spoken to Clinton directly about Glass-Steagall.
This is a big mistake.
It's a mistake politically because people who believe Hillary Clinton is still too close to Wall Street will not be reassured by her position on Glass-Steagall. Many will recall that her husband led the way to repealing Glass Steagall in 1999 at the request of the big Wall Street banks.
It's a big mistake economically because the repeal of Glass-Steagall led directly to the 2008 Wall Street crash, and without it we're in danger of another one.
We almost had another great depression (collapse of the cash system via banks) due to the financial crisis of corrupting the world's number 1 secured commodity - Real Estate loans.
How we get there, is former President Bill Clinton made a deal with Senators to gut Glass Steagall - in 1999. Then President George W Bush's Administration made sure the Department of Justice was a ghost, on the issues of things going haywire, during GWB's era.
President Bush created the mess - and left it as a welcome mat to POTUS Barack Obama.
Robert Reich contends (correctly) that it is a big mistake for Hillary Clinton to side step the Glass Steagall ACT issues. Though, yours truly would argue, for different reasons than those Mr. Reich contends.
It was Hillary's husband, the President Bill Clinton, who made sure Glass Steagall was repealed; and moi would suggest that HRC plan's to be made POTUS with the help of Wall Street and big banks. Hence, as with all things Hillary, flipping and flopping on issues in nearly the same manner as Governor Romney, Hillary should have come out and said that she "was" going to look into Glass Steagall.
With a wink - wink to Wall Street and backroom remarks that "Don't worry good ole boys - I've got you back".
America needs Warren into the race for POTUS - or we might still get the Great Depression part 2.