We need to pass a NEW Glass-Steagall.

[Ken Burch]

One of the reasons the bank failures have been so catastrophic is that the banks have just been allowed to move into so many non-banking areas, thus spreading their problems much further than they would otherwise have gone.

There was never any good reason to repeal Glass-Steagall. We need a new Glass-Steagall to keep this kind of thing from happening again.

[nadinbrzezinski]

1. And that is the beginning of the packet we need to pass

[roamer65]

2. Bingo.

That is why the 1987 crash did not really affect the economy all that much. Glass-Steagall kept the losses away from the banking system in 1987. Not now.

[gristy]

3. All in good time, grasshopper...

We have an election to win first

[Ken Burch]

4. I know. Still, we need to talk about these things now and build support for them

The events of this week have pretty much destroyed support for the "market values" thing.

It's time to speak and act without fear. This is our moment.