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Separate investment banking from commercial banking by reinstating the equivalent of the Glass–Steagall Act.

Created by J.C. on October 02, 2011

Investment banking involves speculation, the assumption of sometimes great risk in the interest of profit. Commercial banking is a much more conservative operation. For many years these two business operations were kept separate to avoid speculative actions to contaminate commercial banking. Many hold that the highly risky behaviour of banks contributed greatly to the Great Recession of 2007-2009 and the ongoing international financial problems we are now trying to overcome. A good first step will be to take the speculation our of commercial banking by forcing a separation of that activity from Wall Streets speculative influences. Reinstating the Glass–Steagall Act will do just that.

Government & Regulatory Reform
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