Treasury Secretary Clarifies Postion on Glass-Steagall

Treasury Secretary Steven Mnuchin clarifies that the administration supports elements of a 21st century Glass-Steagall bill, but he insists that he has never supported a full separation of commercial and investment banks even though it was in the Republican platfrom in the 2016 election. "We think that would be a huge mistake," Secretary Mnuchin says. Massachusetts Democratic Senator Elizabeth Warren expressed amazement at the secretary's comments, saying, "This is like something out of George Orwell." close