🖤 Donations of all sizes power our public service journalism Give Now

Maine Senator Angus King wants to make banking boring again

David Brancaccio Jul 31, 2013
HTML EMBED:
COPY

Maine Senator Angus King wants to make banking boring again

David Brancaccio Jul 31, 2013
HTML EMBED:
COPY

Here’s a truly awful advertising tagline that would go nowhere on Madison Avenue: “We make banking boring again”. But is it possible that Wall Street needs this slogan?

Senator Angus King of Maine, an Independent who has been working with prominent Democrats and Republicans, says yes. Five years after the financial collapse, King is trying to bring back the Glass-Steagall Act, originally created after The Great Depression to split up commercial and investment banking. That restriction was later repealed in 1999 under the Clinton administration.

He joins Marketplace Morning Report host David Brancaccio to explain. Click on the audio player above to hear more.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.