Yes!...Yes!...and Yes! to Nos. 1, 2, & 3. "What should be done? (1) Senators Warren and McCain have just introduced a new version of the Glass-Steagall Act, to separate investment from commercial banking. We all need to get behind it. (2) The Fed is becoming more serious about capping the size of the biggest banks, a measure long overdue. Fed member Daniel Tarullo is pushing this. (3) In addition, a small tax (say, 1/10 of 1%) should be imposed on all financial transactions to both slow speculation and raise funds that could be used for, say, our schools (human capital is more important than financial capital). But will reform really occur before we face another Wall Street disaster?" ~~Robert Reich
Posted on: Mon, 22 Jul 2013 18:31:09 +0000
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