Wall Street Angry that Donald Trump Says ‘Restore Glass-Steagall Act’

‘On July 18th, Rob Nichols, the President of the American Bankers’ Association, which is controlled by the mega-banks, struck back against Republican Presidential candidate Donald Trump. Nichols criticized Trump’s insistence to restore the Democratic U.S. President Franklin Delano Roosevelt’s top reform of the U.S. economy, the Glass-Steagall Act, which prevented another taxpayer bailout of Wall Street firms for their gambling losses — it was the law President Bill Clinton with overwhelming Republican support in 1999 repealed.
Trump is committing himself against that Clinton-Republican repeal of FDR’s law. Trump insists it be restored so that there won’t be a repeat of the Bush-Obama Wall Street bailout.’
Read more: Wall Street Angry that Donald Trump Says ‘Restore Glass-Steagall Act’