On the Glass-Steagall thing, like I said, if you could…
![“On the Glass-Steagall thing, like I said, if you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence. But I can't blame [the Republicans]. This wasn't something they forced me into. I really believed that given the level of oversight of banks and their ability to…” quote by William J. Clinton](https://sms4smile.com/q/img-quotes/c8e/william-j-clinton-302_ability_on-the-glass-steagall-thing-like-i-said_2996009.jpg)
“On the Glass-Steagall thing, like I said, if you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence. But I can't blame [the Republicans]. This wasn't something they forced me into. I really believed that given the level of oversight of banks and their ability to have more patient capital, if you made it possible for [banks] to go into the investment banking business as continental European investment banks could always do, that it might give us a more stable source of long-term investment.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
He argues that allowing banks to engage in investment banking could stabilize long‑term funding, but acknowledges political constraints and the need for evidence.
In simple terms: Banks in investment banking might boost stable capital.
Key Takeaway
Consider evidence before policy change.
Themes
economics
regulation
politics
banking
Mood
analytical
cautious
Type
policy
political
When to use this quote
- debating financial reform
- evaluating regulatory impact
- political negotiation
Key Concepts
financial stability
policy analysis
Questions to Reflect On
- What data would convince you?
- How do political realities shape economic policy?
A Different Perspective
Evidence may not outweigh political opposition.