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This year, both the Democratic and the Republican platforms say they want to reinstate the Glass-Steagall Act, which separates commercial and investment banking and is generally hated by banks. So what do the real “insiders” think will happen?

From Bloomberg:

It will be difficult for any president to reinstitute Glass-Steagall. “I don’t think Glass-Steagall will ever actually happen,” says [Phillip] Swagel, the former [ assistant secretary for economic policy at the Treasury Department during the George W. Bush administration]. “It’s like Trump’s wall: It’s symbolic.”

RULE OF POLITICS: If Democrats say they want something and Republicans say they want the same thing but Wall Street doesn’t want it, it’s “symbolic.”