21st Century Glass-Steagall Act

UPDATE:
CNBC made YouTube take down the original video. Below is a version of the same video.

The original Glass-Steagall Act stopped investment banks from gambling away people’s life savings for decades — until Wall Street successfully lobbied the regulators to chip away at the rules in the 1980s and Congress to repeal it entirely in 1999.

Elizabeth Warren introduced a new Glass-Steagall bill to stop Wall Street banks from gambling with the life savings of regular families. Co-sponsors of the bill are Republican John McCain, Independent Angus King, and Democrat Maria Cantwell.

The 21st Glass-Steagll Act will also help prevent future bailouts.

Help pass the new Glass-Steagall Act

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