Martin O'Malley: 'Over 80 years ago today, Glass-Steagall was signed into law'

Martin O'Malley ?@GovernorOMalley
Over 80 years ago today, Glass-Steagall was signed into law. We must work now to reinstate it.



Overall, Martin O'Malley has said would confront Wall Street with "a mix of structural and accountability reforms." O'Malley wrote a column for the Des Moines Register in March in which he outlined some of the specific policies he would support.

These included "reinstating the 1933 Glass-Steagall Act" so that banks would be "broken up into more manageable institutions," picking appointees for agencies in a position to regulate the financial industry "who will prosecute those who commit or permit crimes," barring banks from deducting government fines from their taxes, and establishing a "three strikes and you're out" policy that would "revoke a bank’s right to operate if they repeatedly break the law."


O'Malley editorial: http://www.desmoinesregister.com/story/opinion/columnists/caucus/2015/03/20/prevent-another-crash-reform-wall-street/25057735/