Bill Clinton defends repeal of Glass-Steagall

The Hill reports:

Former President Bill Clinton has defended his decision to repeal Glass-Steagall, the Depression-era banking regulation that splits large financial institutions and is championed by liberals.

"Politicians — particularly now, in the aftermath of this crash — fear that anything they do will be held against them later if anything bad happens," Clinton told Inc. in an interview. "Look at all the grief I got for signing the bill that ended Glass-Steagall. There's not a single, solitary example that it had anything to do with the financial crash.”

When Bill Clinton is right, he's right. Canada never had a separation of investment banking and commercial banking. Same with Europe. Someone should ask Comrade Bernie Sanders about this.