Thursday, November 10, 2011

Glass Steagall, it's time to bring it back


  Caught this blog post from Slate the other day, which mentions both Bill Clinton and Newt Gingrich basically agreeing that Glass Steagall should never have been repealed. Okay that's great, we agree on that, now what?

  This should be a non-partisan issue. For all the GOP debate talk about repealing Dodd-Frank, there was little discussion of what to do in its place (Huntsman came close in last night's debate with talk of an anti-bailout fund paid by the banks, as well as his touching on the need to "right size" our banks, shoot he even semi-called out Goldman Sachs!). A return to Glass Steagall's separation between commercial banks and investment banks would definitely help protect the assets of America's citizens and make headway into dealing with TBTF. Now if we could only get a candidate to say that onstage...

1 comment:

  1. and what about an act to disconnect poltickicians like Obama from the money printing machine? PRINT PRINT PRINT GLORY PRINT VOTES PRINT CIRCULATE PRINT PRINT FEED CASINO BANKS PRINT PRINT VOTE