Senators : We still have banks that are `` too big to fail , '' threatening another crash . Senators want updated Glass-Steagall Act to scale back huge financial institutions . That would , needless to say , be devastating . They say new act would separate traditional banks from riskier financial services . Senators : Wall Street is a major source of campaign contributions for both parties and they're trying to get it repealed or watered down
Senators : We still have banks that are `` too big to fail , '' threatening another crash . Senators want updated Glass-Steagall Act to scale back huge financial institutions . They say new act would separate traditional banks from riskier financial services . Senators : Wall Street is a major source of campaign contributions for both parties and they're trying to get it repealed or watered down