Progressives try to turn back the clock

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21st century glass
The 21st Century Glass-Steagall Act was introduced by Sen. Elizabeth Warren in 2013. (Photo by Win McNamee/Getty Images

By JOSEPH LAWLER

Progressives hoping for a crackdown on Wall Street in 2017 are turning to a defunct Depression-era law as their best bet, hoping that nostalgia can raise support for breaking up big banks.

Activists and Democratic candidates, including presidential hopefuls Martin O’Malley and Bernie Sanders, are pushing reinstatement of the 1933 Glass-Steagall Act, which created barriers between commercial banks with insured deposits and investment banks that underwrite and trade securities.

Read More: WashingtonExaminer.com

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