Republicans Feel the Bern on Breaking Up JPMorgan, Goldman
- Party’s platform calls for reinstating Glass-Steagall Act
- Trump will use agenda to hit Clinton over bank ties: analysts
Trump's GOP Platform Pushes Return of Glass-Steagall
Republicans are taking a page from Bernie Sanders’ playbook to hit Hillary Clinton on a topic where they think they can hurt her: Wall Street.
The party approved a platform Monday that ostensibly calls for breaking up the biggest banks by reinstating the Glass-Steagall Act, a Depression-era law that long kept commercial lending separate from activities such as securities underwriting and trading. A shift from prior Republican agendas, the move shows the degree to which both parties are convinced that beating up the finance industry is a winning strategy. And it means Wall Street probably will have to continue playing defense on policy issues in Washington no matter who wins the White House in November.