All Articles on Glass-Steagall

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The New Deal in Reverse: How the Obama Administration Ended Up Where Franklin Roosevelt Began
On March 4, 1933, the day he took office, Franklin Roosevelt excoriated the "money changers" who "have fled from their high seats in the temples of our civilization [because...] they know only the rules of a generation of self-seekers. They have no vision and where there is no vision, the people...
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Fighting Off Looters in the Ruins of Wall Street
SEATTLE - Reckless greed on Wall Street is a dog-bites-man story. Still, the renewed feeding frenzy of the alpha dogs of finance in the embers of the bonfire of their own vanities has inspired amazement and disgust across the political spectrum. Despite the damage it yet may cause, though, the...
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Hey Congress - Stand up to Wall Street!
Lobbyists aren't the only people working against financial reform. The lawmakers who accept their campaign cash deserve the same blame.
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Who's Killing Financial Reform?
Senator Chris Dodd, the chairman of the Senate Banking Committee, scolded Wall Street representatives at a hearing Thursday for sending “an army of lobbyists whose only mission is to kill the common-sense financial reforms” needed by the public. “The fact is,” Dodd said, “I am frustrated, and so...
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Volcker Rules
Finally President Barack Obama has come to his senses on financial regulation. His endorsement of what he calls the “Volcker Rule” for once puts him squarely on the side of ordinary Americans as opposed to the banking bandits who have so thoroughly fleeced the public. The proposal from former...
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Obama's Half-Baked Bank Reform
For Real Reform, Glass-Steagall Must be Brought Back
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Obama to Propose New Limits on Banks
Proposal Set to Curb Bank Giants
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Why Obama Must Take On Wall Street
It has been more than a year since all hell broke loose on Wall Street and, remarkably, almost nothing has been done to prevent all hell from breaking loose again. In fact, close your eyes and you could be back in the wilds of 2007. Bankers are still making wild bets, still devising new derivatives...
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Bankers Take the Stand, But Who Will Stand Up to Them?
Get the popcorn ready, the much-anticipated Financial Crisis Inquiry Commission hearings start this week, and this time (unlike last month when the President himself summoned them to Washington) the executives from all the big Wall Street banks will actually deign to show up! It's going to be the...
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Bring Back Glass-Steagall
Last month, Sens. Maria Cantwell and John McCain proposed a measure that would revive parts of the old Glass-Steagall Act, the 1933 law that separated investment from commercial banking. After having been diluted many times over the years, Glass-Steagall was largely repealed in 1999, permitting a...
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