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Bill to restore Glass-Steagall unnerves Wall St

“The latest political threat to Wall Street came from an unlikely pair this week: Elizabeth Warren, the liberal first-term Democratic senator from Massachusetts, and John McCain, the veteran Republican senator from Arizona defeated in the 2008 presidential election.

Ms Warren and Mr McCain teamed up with two others to introduce a bill in the upper chamber that would restore some provisions of Glass-Steagall, the Depression-era legislation separating commercial from investment banking that was repealed in 1999.

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