Sen. Warren Supports 21st Century Glass-Steagall

The transcript discusses a meeting involving top leaders on the Senate Banking Committee, where Gary Cohn and President Trump were present. Senator Elizabeth Warren expresses her readiness to work with Trump on reinstating a 21st-century Glass-Steagall Act. She highlights her bipartisan bill co-sponsored by John McCain, Maria Cantwell, and Angus King. The discussion includes historical context, emphasizing the importance of separating traditional banking from high-risk investment activities. Warren notes Trump's campaign support for this idea and mentions ongoing conversations with the administration, aiming to gain support for the measure.

What was the main topic of discussion in the meeting with Senate Banking Committee leaders?

• Environmental regulations

• Tax cuts for the wealthy

• Reinstating the Glass-Steagall Act

• Healthcare reform

Who are the co-sponsors of Senator Warren's bipartisan bill on Glass-Steagall?

• John McCain and Maria Cantwell

• Nancy Pelosi and Chuck Schumer

• Bernie Sanders and Kamala Harris

• Mitch McConnell and Lindsey Graham

What economic period does Warren's book focus on to illustrate the impact of regulations like Glass-Steagall?

• 1900 to 1930

• 1980 to 2000

• 2000 to 2020

• 1935 to 1980

What is one of the key benefits of separating traditional banking from high-risk investment activities?

• Increased government control over banks

• Simplified regulations and fair competition

• Higher taxes on banking profits

• Elimination of small banks

How does Warren describe the general public's understanding of the need for banking separation?

• Resistant and opposed

• Unaware and uninterested

• Confused and indifferent

• Supportive and understanding