Financial regulation of consumer deposits.

Consumer deposits placed in financial institutions need to be strictly regulated on how they can be invested. The massive monies these financial industries lost were namely by putting up their consumer deposits. Glass-Steagall named after the two congressional sponsors of the bill in 1933 provided a firewall between banks and investment firms (the two could not be the same entity). This was abolished with the Graham-Leach-Biley act in 1999 to protect Goldman Sachs who had already breached this law. Protections also need to be put back in place to prevent banks from lending themselves money (borrowing against our consumer deposits) as happened with the savings and loan scandal in the 80's when this industry was deregulated. These are our consumer deposits and should be protected.