WASHINGTON — Former Citigroup chairman Sandy Weill's call to reinstate Glass-Stegall has sparked a growing countermovement among those that argue restoring the Depression-era law would not make the system safer.

The naysayers are hoping to outmaneuver policy heavyweights like Tom Hoenig, a director at the Federal Deposit Insurance Corp. and former president of the Federal Reserve Bank of Kansas City, who say separating commercial from investment banking is the only way to prevent another financial crisis.

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