Forum Post: Glass-Steagall Bill Sent to Italian Senate

Feb. 12—The global push for a reorganization of the financial system starting with the protection of ordinary banking activities from the speculative casino on international markets, took an important step forward last week, when Sen. Oskar Peterlini introduced a bill into the Italian Senate calling for a strict separation between commercial banks and investment banks, with explicit reference to the Glass-Steagall Act of 1933. The stated goal of the bill is intended both to help the Italian economy immediately, and to serve as an example for the rest of the world.