Bring back Glass-Steagall as an issue in the primary.

[jwirr]

6. Glass-Steagell was passed in 1932 to divide the investment bankers from deposit banks. It was

repealed in 1999 during the Clinton administration. And yes it may have been veto-proof but I would have much preferred that he would have made then override the veto.

As to reinstating it - this would once again divide the banks up. Not make them smaller but protect deposits. The deposit banks would be covered by FDIC funds like it used to be and the money we put into the bank would only be loaned out on a local basis for homes, cars and school loans. So it would protect the little people and stimulate the local economy.

On the other hand the investment bankers who engage in risky loans etc. will no longer be covered by FDIC - the risk will be their own and taxpayers will not have to pay for their loses. They will still have the right to invest in any way they want but they do not have our money to gamble with.

I think we should be able to get this through the Senate if we all get behind it but the House is another question. With so many Rs in the House we most likely will not be able to turn them away from their Wall Street backers. We will have to hope that we can pass this after we get a Democratic president.