Sen. Warren, Mnuchin Spar over Glass-Steagall: ‘You’re Not Letting Me Finish; No, I’m Not’

Warren: ‘This is just bizarre ... that you can we are in favor of Glass-Steagall but not breaking up the big banks’


MNUCHIN: "Republican platform did have Glass-Steagall. We during the campaign, and I had the opportunity to work with the President on this, specifically came out and said we do support a 21st century Glass-Steagall, which is — that means there are aspects of it, okay, that we think may make sense. But we never said before that we supported a full separation of banks —"
WARREN: "I'm sorry, let me just stop you right there, Mr. Secretary."
MNUCHIN: "You're not letting me finish."
WARREN: "Yeah, I'm not, because I really have to understand what you've just said. There are aspects of Glass-Steagall that you support but not breaking up the banks and separating commercial banking from investment banking? What do you think Glass-Steagall was if that's not right at the heart of it?"

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