Meanwhile, Elizabeth Warren grilled Steve Mnuchin over a bizarre statement.

huffingtonpost.com

Mnuchin said the administration supports a 21st Century Glass-Steagall Act, but firmly opposes separating investment and commercial banks.

Senator Warren asked him what he thought the Glass-Steagall Act was about, since that was the centrepiece of the original legislation.

The 2016 Republican Party Platform had this plank:

“We support reinstating the Glass-Steagall Act of 1933 which prohibits commercial banks from engaging in high-risk investment.”

Of course Steve Mnuchin could be angling for a definition of “high-risk investment” not being the same as investment banking. Alternatively, the Treasury Secretary thinks we’re as dumb as much of Trump’s cabinet. On the third hand, the GOP could have just been lying to take in a few gullible voters.