Glass-Steagall: The Debate Term You Should Probably Know

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In 1999, President Bill Clinton repealed it — which some critics say contributed to the 2008 financial collapse.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