President Trump said he is "looking at" breaking up giant Wall Street banks during an interview with Bloomberg News on Monday. "I'm looking at that right now," Trump said. "There's some people that want to go back to the old system, right? So we're going to look at that."
The "old system" Trump refers to is the 1933 Depression-era Glass-Steagall law that required a separation of consumer lending and investment banking. The Republican platform also backs restoring the law, which was repealed in 1999 under former President Bill Clinton.
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