by Nomi Prins
Daily Reckoning
Once there was a Democratic senator from Virginia who managed to work across party lines to enact innovative legislation to protect ordinary Americans’ savings from bank speculation.
That is not the Virginia Democratic senator Hillary Clinton picked to be her running mate.
Sen. Tim Kaine (D-VA) is no Carter Glass. Glass represented his fellow Virginians in Congress from 1901 to 1946, first in the House and then in the Senate. During the 1930s, he worked on a bill with Rep. Henry Steagall, an Alabama Democrat, that became the Glass-Steagall Act under Republican President Herbert Hoover.