Trump Calls for Restoration of Glass-Steagall, Echoing Warren
By Ian McKendry
CLEVELAND — Donald Trump has made no secret of his disdain for Sen. Elizabeth Warren, D-Mass., but that is not stopping him from embracing one of her key policy positions as part of the Republican platform — a return to the 1930s-era Glass-Steagall Act. Paul Manafort, the campaign manager for the presumptive Republican presidential nominee, said Monday during a press briefing that reinstating the law, which separated commercial and investment banking, was one of the few changes Trump is proposing in the GOP platform. “There has been some added components to [the platform] that reflect the issues that Mr. Trump has raised during the course of the campaign,” Manafort said during a press briefing at the Republican National Convention here…. Karen Shaw Petrou, managing partner of Federal Financial Analytics, said Trump’s move was consistent with his campaign — namely, the adoption of a populist position that resonates with voters on both sides of the political spectrum. “Highlighting this would suggest that they see it as a potent political theme,” she said. “It’s a really surprising theme that speaks to the strong alliance between the left and the right” on this issue.
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