If she had not already emphatically dismissed the idea of running for president, Sen. Elizabeth Warren (D-Mass.) delivered what would have been a headline-grabbing stump speech on Wednesday.
Speaking at the at Bard College’s Levy Economics Institute, Warren presented her view of what is needed for continuing financial reforms beyond the Dodd-Frank Act. Among her ideas, many of which have been pitched in the past by others: a financial transaction tax to restrain high-frequency trading; restoring the former Glass-Steagall Act’s mandated division between investment and commercial banking; reducing the size and footprint of “too big to fail” banks; and tax changes that would discourage banks from reckless investments and excessive leverage.
