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Date
Summary
Robert Reich Admits Glass Steagall Repeal under Bill Clinton Helped Cause Banking Crisis
Subjects
Source
MSNBC
Name: MSNBC
URL: http://www.msnbc.msn.com/
Show
The Place for Politics 2016
Name: The Place for Politics 2016
Persons
Tamron Hall, Robert Reich
Name: Tamron Hall
Employment: MSNBC
Position: Host
Name: Robert Reich
Employment: University of California, Berkeley
Position: Chancellor's professor of public policy
Event
Event location
–
Link
Not online media
Uploaded
04/08/2016 12:42 pm
Owner
Type
Video
Format
MP4 (720x400)
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Duration
0:01:28
Views
56
Purchases
0
Transcript
RUSH TRANSCRIPT HALL You ░░░░░░░░ the words real world ░░░░░░░░ in discussing how much ░░░░░░░░ this people digest When ░░░░░░░░ Sanders said he wants ░░░░░░░░ go back to what ░░░░░░░░ defined as boring bank ░░░░░░░░ you go get a ░░░░░░░░ the simplest forms of ░░░░░░░░ is that a pie ░░░░░░░░ the sky description base ░░░░░░░░ what you know as ░░░░░░░░ labor secretary and the ░░░░░░░░ of banking and this ░░░░░░░░ s economy do we ░░░░░░░░ believe that that is ░░░░░░░░ future of banking is ░░░░░░░░ a pie in the ░░░░░░░░ unrealistic answer to what ░░░░░░░░ can do to reform ░░░░░░░░ in an effective way ░░░░░░░░ in a real honest ░░░░░░░░ REICH No we used ░░░░░░░░ have something called the ░░░░░░░░ Steagall act That separated ░░░░░░░░ banking from commercial banking ░░░░░░░░ Clinton in 1999 with ░░░░░░░░ advice of some of ░░░░░░░░ advisers not me certainly ░░░░░░░░ wasn t there then ░░░░░░░░ Republicans and got rid ░░░░░░░░ the Glass Steagall act ░░░░░░░░ allowed banks like Citibank ░░░░░░░░ become CitiGroup these gigantic ░░░░░░░░ banks that allowed them ░░░░░░░░ turn to start gambling ░░░░░░░░ money That got us ░░░░░░░░ trouble The glass steel ░░░░░░░░ did a good job ░░░░░░░░ 50 years after the ░░░░░░░░ depression Should have kept ░░░░░░░░ And I don t ░░░░░░░░ why Hillary Clinton is ░░░░░░░░ much against resurrecting the ░░░░░░░░ steel act Bernie Sanders ░░░░░░░░ said from the beginning ░░░░░░░░ wants it resurrected I ░░░░░░░░ that s an important ░░░░░░░░ step.”
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