Forum Post: Wall Street Is Still Out of Control -- Reinstate Glass-Steagall and Breakup the Big Banks
Posted 12 years ago on Oct. 26, 2011, 1:01 p.m. EST by jeivers
(278)
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"Why should banks ever be permitted to use peoples' bank deposits - insured by the federal government - to place risky bets on the banks' own behalf? Bring back Glass-Steagall.
True, Glass-Steagall wouldn't have prevented the fall of Lehman Brothers or the squeeze on other investment banks in 2007 and 2008. That's why it's also necessary to break up the big banks."
http://www.huffingtonpost.com/robert-reich/wall-street-is-still-out-_b_1032446.html?ir=Politics
right on!
http://occupywallst.org/forum/lets-get-focused-and-bring-back-glass-steagall-act/
The 3 Stooges who broke our economy are proof the Republicans should get out of government and politics.
The Republicans didn’t see a problem with the Gramm Leach Bliley law when it was written. Most Democrats didn’t either. Now Republicans aren’t doing anything to repair the damage and prevent recurrences. Democrats aren’t doing enough.
Byron Dorgan (D) N.D. v Gramm (R) Leach (R) Bliley (R) http://www.youtube.com/watch?v=OvnO_SH-4WU&list=PL399213F28C3CC71A&feature=plpp_play_all [right click]