by Martin Armstrong
Armstrong Economics
QUESTION: Marty, the Republican platform supports the return of Glass-Steagall. Is Trump for that? Thanks for all you do. PL
ANSWER: Yes. If there was anyone who would actually do that, it would be Trump. However, keep in mind the act would still have to get through Congress and the bankers would buy every vote to block it. It is true that the Republican National Convention delegates approved a platform that calls for reinstating the Glass-Steagall Act and scaling back the Dodd-Frank financial overhaul, calling it the Democrats’ “legislative Godzilla.” This is why you find so many hedge fund guys donating to Hillary as well as the big NY banks. They will not donate to Trump and that clearly shows who protects whom.