Restore Glass-Steagall

[Selatius]

58. It's not satisfactory, in my opinion, because of that douche Scott Brown of Massachusetts.

He inserted a loophole in conference to allow banks to continue to invest in hedge funds and private equity firms, and both also made some risky bets prior to the 2008/2009 crash. He was only able to do this because his vote was the last one needed to pass it in the Senate. The other loophole that bothered me was that proprietary trading in Fannie Mae and Freddie Mac were also exempt from the Volcker Rule in conference. Neither of these really makes me satisfied, and the latter creates a moral hazard simply because they're government-backed, which is just another encouragement to take on a little more risk than is necessary because they can always scream to Uncle Sam if crap hits the fan. I would've been far happier if somebody else besides Fannie and Freddie were exempt.