Economy

Barney Frank dismisses Elizabeth Warren’s favorite idea

By Joseph Lawler
Published July 23, 2014 9:39pm ET
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Barney Frank dismisses Elizabeth Warren’s favorite idea
Former House Financial Services Committee chairman Barney Frank greets former colleagues prior to testifying before the House Financial Services Committee July 23, 2014 on Capitol Hill in Washington. (Photo by Win McNamee/Getty Images) | Win McNamee

The Democratic Party‘s former point man on financial regulation has a low estimation of Sen. Elizabeth Warren‘s pet legislation.

Appearing Wednesday before the House Financial Services Committee he used to head, former Rep. Barney Frank, the architect of the 2010 Dodd-Frank financial reform law, dismissed the idea of reinstating Glass-Steagall, the Depression-era law that split investment banks from commercial banks that Warren has advocated reinstating.

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Dodd-Frank Act Elizabeth Warren Finance Joseph Lawler PennAve