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Trump's Conflicts of Interest
Featured Series: Trump's Conflicts of Interest
Donald Trump's international web of businesses creates unprecedented potential for conflicts of interest and corruption. And some picks for his administration might have to face their own...

Glass-Steagall: The Debate Term You Should Probably Know

Glass-Steagall made an appearance at the Democratic debate. Here's what you should know about the Depression-era banking law.

During the Democratic debate, these two names came up a lot. 

Glass and Steagall are the authors of the Glass-Steagall Act, a law passed in 1933 that prohibited financial institutions from conducting regular commercial banking alongside riskier investments. 

In 1999, President Bill Clinton repealed it — which some critics say contributed to the 2008 financial collapse. 

Both Sanders and O’Malley have vowed to reinstate Glass-Steagall. Clinton’s Wall Street proposals stop short of that. 

This video includes images from Getty Images, the U.S. House of Representatives and the Federal Reserve

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