--- title: "Meaning & Key Takeaway of: The 21st Century Glass-Steagall Act will…" description: "\"The 21st Century Glass-Steagall Act will reestablish a wall between commercial and investment banking, make our financial system more stable and secure..." image: "https://sms4smile.com/quotes/i/48b/elizabeth-warren-879_21st-century_the-21st-century-glass-steagall-act-will_1891998.png" --- # The 21st Century Glass-Steagall Act will reestablish a… ![“The 21st Century Glass-Steagall Act will reestablish a wall between commercial and investment banking, make our financial system more stable and secure, and protect American families.” quote by Elizabeth Warren](https://sms4smile.com/quotes/i/48b/elizabeth-warren-879_21st-century_the-21st-century-glass-steagall-act-will_1891998.png) [Download](https://sms4smile.com/quotes/i/48b/elizabeth-warren-879_21st-century_the-21st-century-glass-steagall-act-will_1891998.png) [Open image](https://sms4smile.com/quotes/i/48b/elizabeth-warren-879_21st-century_the-21st-century-glass-steagall-act-will_1891998.png) > “The 21st Century Glass-Steagall Act will reestablish a wall between commercial and investment banking, make our financial system more stable and secure, and protect American families.” [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Reinstating Glass‑Steagall would separate commercial and investment banking, enhancing stability and protecting families from financial crises. **In simple terms:** Separating banking activities can make the economy safer. Key Takeaway Support reforms that separate banking functions. Themes finance regulation economic stability Mood analytical optimistic Type policy informative When to use this quote - policy debates - financial planning - risk assessment Key Concepts banking structure risk management consumer protection Questions to Reflect On - What are the benefits of separating banking activities? - How can policymakers balance regulation and innovation? A Different Perspective Implementation may face industry resistance and political hurdles. ★ ★ ★ ★ ★ No ratings yet [21st century](https://sms4smile.com/quotes/about/21st-century/) [Act](https://sms4smile.com/quotes/about/act/) [Act Reestablish](https://sms4smile.com/quotes/about/act-reestablish-2739293/) [American](https://sms4smile.com/quotes/about/american/) [American families](https://sms4smile.com/quotes/about/american-families/) [Banking](https://sms4smile.com/quotes/about/banking/) [Between](https://sms4smile.com/quotes/about/between/) [Century](https://sms4smile.com/quotes/about/century/) [Commercial](https://sms4smile.com/quotes/about/commercial/) [Families](https://sms4smile.com/quotes/about/families/) [Family](https://sms4smile.com/quotes/about/family/) [Financial](https://sms4smile.com/quotes/about/financial/) [Financial system](https://sms4smile.com/quotes/about/financial-system/) [Glass Steagall](https://sms4smile.com/quotes/about/glass-steagall-2739292/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) [Investment banking](https://sms4smile.com/quotes/about/investment-banking/) [Make](https://sms4smile.com/quotes/about/make/) [More](https://sms4smile.com/quotes/about/more/) [Our](https://sms4smile.com/quotes/about/our/) [Protect](https://sms4smile.com/quotes/about/protect/) [Protect American](https://sms4smile.com/quotes/about/protect-american/) [Secure](https://sms4smile.com/quotes/about/secure/) [Stable](https://sms4smile.com/quotes/about/stable/) [System](https://sms4smile.com/quotes/about/system/) [Wall](https://sms4smile.com/quotes/about/wall/) [Will](https://sms4smile.com/quotes/about/will/) ## Related quotes > [The administration will look at Glass-Steagall and what I referred to as the 21st-century Glass-Steagall as part of regulatory reform.](https://sms4smile.com/quotes/steve-mnuchin/the-administration-will-look-at-glass-steagall-and-what-i-referred-to/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [I thought that ending Glass-Steagall was a mistake.](https://sms4smile.com/quotes/john-gutfreund/i-thought-that-ending-glass-steagall-was-a-mistake/) [John Gutfreund](https://sms4smile.com/quotes/author/john-gutfreund/) > [I don't support going back to Glass-Steagall as is.](https://sms4smile.com/quotes/steve-mnuchin/i-don-t-support-going-back-to-glass-steagall-as-is/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [Who is Antonio Weiss? He's the head of global investment banking for the financial giant Lazard.](https://sms4smile.com/quotes/elizabeth-warren/who-is-antonio-weiss-he-s-the-head-of-global-investment-banking-for/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Some of these biggest financial institutions are out there trading in commodities. They're buying oil tankers. This is not a financial system that has…](https://sms4smile.com/quotes/elizabeth-warren/some-of-these-biggest-financial-institutions-are-out-there-trading-in/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Our first responsibility is to protect the American people and we cannot put on blinders to expect that everyone who seeks asylum does so…](https://sms4smile.com/quotes/bill-shuster/our-first-responsibility-is-to-protect-the-american-people-and-we/) [Bill Shuster](https://sms4smile.com/quotes/author/bill-shuster/) > [But if the UN cannot or will not revise its rules in ways that establish beyond question the legality of the measures the United…](https://sms4smile.com/quotes/richard-perle/but-if-the-un-cannot-or-will-not-revise-its-rules-in-ways-that/) [Richard Perle](https://sms4smile.com/quotes/author/richard-perle/) > [Bean-counting government bureaucrats are free to take race, ethnicity and gender into account when doling out public funds to non-white-male contractors. But God help…](https://sms4smile.com/quotes/michelle-malkin/bean-counting-government-bureaucrats-are-free-to-take-race-ethnicity/) [Michelle Malkin](https://sms4smile.com/quotes/author/michelle-malkin/) > [Throughout the twentieth century and into the beginning of the twenty-first, the United States repeatedly used its military power, and that of its clandestine…](https://sms4smile.com/quotes/stephen-kinzer/throughout-the-twentieth-century-and-into-the-beginning-of-the-twenty/) [Stephen Kinzer](https://sms4smile.com/quotes/author/stephen-kinzer/) > [As a nation, we must honor the service and sacrifice made by Service members - past and present - to defend our nation and…](https://sms4smile.com/quotes/cindy-hyde-smith/as-a-nation-we-must-honor-the-service-and-sacrifice-made-by-service/) [Cindy Hyde-Smith](https://sms4smile.com/quotes/author/cindy-hyde-smith/) > [Americans want someone who is accountable to them above self, above party, and above any special interest. They want a President that has a…](https://sms4smile.com/quotes/joe-sestak/americans-want-someone-who-is-accountable-to-them-above-self-above/) [Joe Sestak](https://sms4smile.com/quotes/author/joe-sestak/) > [I am committed to ensure that our intelligence community, law enforcement, medical professionals, and military have the information and funding needed to protect the…](https://sms4smile.com/quotes/leonard-boswell/i-am-committed-to-ensure-that-our-intelligence-community-law/) [Leonard Boswell](https://sms4smile.com/quotes/author/leonard-boswell/) > [This is going to be a very transparent Justice Department. But I'm not gonna sacrifice the safety of the American people or our ability…](https://sms4smile.com/quotes/eric-holder/this-is-going-to-be-a-very-transparent-justice-department-but-i-m-not/) [Eric Holder](https://sms4smile.com/quotes/author/eric-holder/) > [And while the U.S. can never be 100 percent safe from a future strike, our government is working around the clock on measures to…](https://sms4smile.com/quotes/roger-wicker/and-while-the-u-s-can-never-be-100-percent-safe-from-a-future-strike/) [Roger Wicker](https://sms4smile.com/quotes/author/roger-wicker/) > [But the thing we do know is whatever it costs to save and protect American lives in this conflict, we're going to spend.](https://sms4smile.com/quotes/saxby-chambliss/but-the-thing-we-do-know-is-whatever-it-costs-to-save-and-protect/) [Saxby Chambliss](https://sms4smile.com/quotes/author/saxby-chambliss/) ## More by Elizabeth Warren > [Every time the U.S. government makes a low-cost loan to someone, it's investing in them.](https://sms4smile.com/quotes/elizabeth-warren/every-time-the-u-s-government-makes-a-low-cost-loan-to-someone-it-s/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Once you've gotten your money in balance, you know how much you have to spend on things that are just fun.](https://sms4smile.com/quotes/elizabeth-warren/once-you-ve-gotten-your-money-in-balance-you-know-how-much-you-have/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [“For capitalism to work, we all need one another.”](https://sms4smile.com/quotes/elizabeth-warren/for-capitalism-to-work-we-all-need-one-another/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [“The single best predictor that a family would go bankrupt was if they had a child.”](https://sms4smile.com/quotes/elizabeth-warren/the-single-best-predictor-that-a-family-would-go-bankrupt-was-if-they/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [ I can remember riding in the car with \[my daughter\] Amelia, when she was very small, and we'd talk about money the same way… ](https://sms4smile.com/quotes/elizabeth-warren/i-can-remember-riding-in-the-car-with-my-daughter-amelia-when-she-was/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [That's how we build the economy of the future. An economy with more jobs and less debt, we root it in fairness. We grow…](https://sms4smile.com/quotes/elizabeth-warren/that-s-how-we-build-the-economy-of-the-future-an-economy-with-more/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Homeowners refinance their loans when interest rates go down. Businesses refinance their loans.](https://sms4smile.com/quotes/elizabeth-warren/homeowners-refinance-their-loans-when-interest-rates-go-down/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [There are a lot of things that people say about Hillary Clinton. But nobody says that she doesn't know how to throw a punch.](https://sms4smile.com/quotes/elizabeth-warren/there-are-a-lot-of-things-that-people-say-about-hillary-clinton-but/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [I don't think anyone went the polls and said, 'I am casting my vote to make sure that Wall Street has better chances to…](https://sms4smile.com/quotes/elizabeth-warren/i-don-t-think-anyone-went-the-polls-and-said-i-am-casting-my-vote-to/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [We should stop having a conversation about cutting Social Security a little bit or a lot.](https://sms4smile.com/quotes/elizabeth-warren/we-should-stop-having-a-conversation-about-cutting-social-security-a/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > ['Middle class' used to be synonymous with secure, with steady, with boring, because middle-class people were people who were pretty much safe from the…](https://sms4smile.com/quotes/elizabeth-warren/middle-class-used-to-be-synonymous-with-secure-with-steady-with/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [You can put handcuffs on people who push the envelope. When they break the law, they deserve to have handcuffs.](https://sms4smile.com/quotes/elizabeth-warren/you-can-put-handcuffs-on-people-who-push-the-envelope-when-they-break/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [The broken consumer credit market had to be repaired by making sure that consumers had the right information and could use it effectively. That…](https://sms4smile.com/quotes/elizabeth-warren/the-broken-consumer-credit-market-had-to-be-repaired-by-making-sure/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [“When you have no real power, go public—really public. The public is where the real power is. Those”](https://sms4smile.com/quotes/elizabeth-warren/when-you-have-no-real-power-go-public-really-public-the-public-is/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) [Explore all 342 Elizabeth Warren quotes ](https://sms4smile.com/quotes/author/elizabeth-warren/) ## More 21st century quotes > [The young people today are the 21st century.](https://sms4smile.com/quotes/martin-scorsese/the-young-people-today-are-the-21st-century/) [Martin Scorsese](https://sms4smile.com/quotes/author/martin-scorsese/) > [“You know it’s the 21st Century when someone TEXTS you from the washroom to ask you to bring them a roll of toilet paper.”](https://sms4smile.com/quotes/comic-strip-mama/you-know-it-s-the-21st-century-when-someone-texts-you-from-the/) [Comic Strip Mama](https://sms4smile.com/quotes/author/comic-strip-mama/) > [“I am made of a thousand ghosts. Only you can shoot me down.”](https://sms4smile.com/quotes/bella-james/i-am-made-of-a-thousand-ghosts-only-you-can-shoot-me-down/) [Bella James](https://sms4smile.com/quotes/author/bella-james/) > [Like many others, I have deep misgivings about the state of education in the United States. Too many of our students fail to graduate…](https://sms4smile.com/quotes/bill-gates/like-many-others-i-have-deep-misgivings-about-the-state-of-education/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [Undeniably, character does count for our citizens, out communities, and our Nation, and this week we celebrate the importance of character in our individual…](https://sms4smile.com/quotes/william-j-clinton/undeniably-character-does-count-for-our-citizens-out-communities-and/) [William J. Clinton](https://sms4smile.com/quotes/author/william-j-clinton/) > [The hope of Internet anarchists was that repressive governments would have only two options: accept the Internet with its limitless possibilities of spreading information,…](https://sms4smile.com/quotes/peter-singer/the-hope-of-internet-anarchists-was-that-repressive-governments-would/) [Peter Singer](https://sms4smile.com/quotes/author/peter-singer/) > [Maybe we need a tax credit for the poorest Americans to buy a laptop. Now, maybe that's wrong, maybe that's expensive, maybe we can't…](https://sms4smile.com/quotes/newt-gingrich/maybe-we-need-a-tax-credit-for-the-poorest-americans-to-buy-a-laptop/) [Newt Gingrich](https://sms4smile.com/quotes/author/newt-gingrich/) > [The 20th century has been marked by cynicism, selfishness, greed, and the desire to please, all without changing the status quo. In the 21st…](https://sms4smile.com/quotes/scar-arias/the-20th-century-has-been-marked-by-cynicism-selfishness-greed-and/) [Óscar Arias](https://sms4smile.com/quotes/author/scar-arias/) > [I firmly believe that the mission of religion in the 21st century must be to contribute concretely to the peaceful coexistence of humankind.](https://sms4smile.com/quotes/daisaku-ikeda/i-firmly-believe-that-the-mission-of-religion-in-the-21st-century/) [Daisaku Ikeda](https://sms4smile.com/quotes/author/daisaku-ikeda/) > [Facebook, Twitter...Welcome to The 21st Century...Where Someone can stalk you without leaving the couch!..](https://sms4smile.com/quotes/anonymous/facebook-twitter-welcome-to-the-21st-century-where-someone-can-stalk/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Human Race is all over universe! And I am the first person to inform you. I am the most influential person of this decade…](https://sms4smile.com/quotes/ashwani-kumar-ojha/human-race-is-all-over-universe-and-i-am-the-first-person-to-inform/) [Ashwani Kumar Ojha](https://sms4smile.com/quotes/author/ashwani-kumar-ojha/) > [Like the railroads that brought us together in the 19th century, these trails will bring us together in the 20th and 21st centuries. (at…](https://sms4smile.com/quotes/hillary-clinton/like-the-railroads-that-brought-us-together-in-the-19th-century-these/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [What I love about making albums in the 21st century is that so few people buy albums! 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