Posted Apr 11, 2017 by Martin Armstrong

QUESTION: Mr. Armstrong; In Germany DWN wrote that Cohn of Goldman Sachs is in favor of returning Glass–Steagall. This seems strange. Do you have any insight?

ANSWER: Very simple. Glass–Steagall was separating investment banking from banks.

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https://www.armstrongeconomics.com/world-news/banking-crisis/why-gary-cohn-of-goldman-sachs-supports-restoring-glass-steagall/