The passage of the Gramm–Leach–Bliley Act (1999), allows commercial banks, investment banks, securities firms, and insurance companies the ability to merge into a single mega-corp, which ultimately led to the economic collapse of 2008.
Repealing this Act would institute fines and potential break-up of the monopoly that is these mega-banks. The GLB Act also allows investment bankers to gamble with your money; putting your savings, checking, and the entire economic well-being of America at risk.
By repealing the GLB Act, we can re-institute the lessons learned during the Great Depression and the passage of the Glass–Steagall Act (1933); prohibiting commercial, investment, securities, and insurance companies the ability to consolidate – bringing an end to gambling with America's savings.
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