WASHINGTON, July 13 Democratic presidential
candidate Hillary Clinton will not propose reinstating a bank
break-up law known as the Glass-Steagall Act, said Alan Blinder,
an economist who has been advising Clinton's campaign.
"You're not going to see Glass-Steagall," said Blinder, who
was named by the Clinton campaign this weekend as one of 10
outside advisers on economic policy development. He said on
Monday he spoke to Clinton directly about Glass-Steagall.
The law separated commercial banks from investment banks.
Many liberal activists believe that reinstating it and breaking
up the biggest U.S. banks would help prevent financial crises.
Clinton's campaign declined to comment on Monday on reinstating
(Reporting by Luciana Lopez and Amanda Becker; Writing by Emily
Stephenson; Editing by Howard Goller)