In the early 1930's there were financial reforms passed that separated the Insurance, Investment, and Banking industries to insure that we would not suffer another DEPRESSION. In the early 80's Congress and the President started to deregulate these industries and over the past 30 years each Congress and President has continued the trend. What has happened is we are seeing the boom and bust economies that we experienced prior to these industries being separate that eventually climaxed in the great depression.
Lets be smart and separate these industries and take the boom and bust cycles out of our economies.