Bring back Glass-Steagall? Goldman Sachs would love that

New York

AMONG the many silly ideas floating around Washington these days about how to re-regulate Wall Street is that old chestnut about separating investment banking from commercial banking.

It's getting a fresh look after Gary Cohn, the powerful head of President Donald Trump's National Economic Council, supposedly told a private gathering of the Senate Banking Committee recently that the Trump administration would be open to the idea. The president has yet to confirm publicly that he would support such legislation.