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Senator Warren has said she considers Glass-Steagall more of a symbol
Senator Warren has said that one of the reasons she’s been pushing reinstating Glass-Steagall — even if it wouldn’t have prevented the financial crisis — is that it is an easy issue for the public to understand and “you can build public attention behind.”
She added that she considers Glass-Steagall more of a symbol of what needs to happen to regulations than the specifics related to the act itself.
When Senator Warren was pressed about whether she thought the financial crisis or JPMorgan’s losses could have been avoided if Glass-Steagall were in place, she conceded: “The answer is probably ‘No’ to both.”
http://www.democraticunderground.com/?com=view_post&forum=1014&pid=1174029