Why Gary Cohn of Goldman Sachs Supports Restoring Glass–Steagall
April 11, 2017QUESTION: Mr. Armstrong; In Germany DWN wrote that Cohn of Goldman Sachs is in favor of returning Glass–Steagall. This seems strange. Do you have any insight? ANSWER: Very simple. Glass–Steagall was separating investment banking from banks. Goldman Sachs is by no means a traditional bank but were always an investment bank. If you restore Glass–Steagall this […]