Sen. Cantwell Reiterates Call for Glass-Steagall
February 25, 2012 • 9:50AM

Sen. Maria Cantwell (D-WA) — hosting her annual "Women of Valor" luncheon on Feb. 22 in Seattle, with Sens. Barbara Boxer (D-CA), Mary Landrieu (D-LA), Patty Murray (D-WA), and Jeanne Shaheen (D-NH) — devoted her speech to Glass-Steagall, where the other senators talked about women's reproductive rights, according to a short news brief by Public Cola, Seattle's News Elixir.

Cantwell also named Glass-Steagall as the Number One thing that needs to be done on economics in Washington in a Dec. 11, 2011 interview with Eli Sanders of The Stranger. After Cantwell praised Brooksley Born, the former head of the Commodities Futures Trading Commission, for her attempt to regulate derivatives in the late 1990s, Cantwell was asked:

Sanders: "You've been a huge advocate for financial reform. What's the number one thing that needs to be done right now in Washington to prevent another Great Recession?"

Cantwell: "Well, I'd certainly go back to Glass-Steagall and separate commercial and investment banking. And I would basically recapture resources from those banks and put it toward job training and education. Right now, we have a lot of openings in the Northwest, with Boeing and Microsoft and lots of health-care-related industries. But we also have huge unemployment. So how can we have so much of that unemployment and yet so many of these economic opportunities? The more that we can help skills and educate people to take these vital jobs, its going to help our economy."