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  1. Economy and Politics
  2. Elections

Big Banks Bashed at Democratic Debate

Published: Oct 14, 2015 1 min read

Bernie Sanders does not consider himself a capitalist; he has told NBC he considers himself a democratic socialist. Hillary Clinton considers herself a capitalist saying "we would be making a grave mistake to turn our backs on what built the greatest middle class in the world."

Glass-Steagall: an act from 1933 that prohibited commercial banks from engaging in riskier investments. It was repealed by Pres. Bill Clinton in 1999. Martin O'Malley and Sanders want to reinstate it, but Clinton said "if only you look at the big banks, you may be missing the forest for the trees."