# Professor Lawrence White discusses Bernie Sanders' claims about Glass-Steagall

1 Faculty News January 11, 2016 ![The Washington Post logo](/sites/default/files/styles/246w/public/assets/images/con_031074.jpg?itok=f6OME_Rm)>

Excerpt from [The Washington Post](https://www.washingtonpost.com/news/fact-checker/wp/2016/01/11/bernie-sanderss-claim-that-glass-steagall-banned-commercial-bank-loans-to-shadow-banks/) -- "'Commercial banks could have \[lent money to shadow banks\] in the 1960s or earlier, even before the Fed and the OCC \[Office of the Comptroller of the Currency\] and court decisions began to loosen the strictures of Glass-Steagall,' said [Lawrence J. White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), an expert on financial regulation at New York University’s Stern School of Business."

[Read more](https://www.washingtonpost.com/news/fact-checker/wp/2016/01/11/bernie-sanderss-claim-that-glass-steagall-banned-commercial-bank-loans-to-shadow-banks/)