Reinstate the Glass-Steagall Act

I am a Republican, however…

If Republicans want to see some electoral success next year, they should be willing to accept some moderately appropriate accountability for the disgraced financial industry. A good start would be to muster Republican support for reinstatement of the the Glass-Steagall Act.

Not only does this proprietary wall between commercial banking and investment banking need to be rebuilt, but it also makes good political sense. This concession would politically neutralize the mutinous Occupy crowd and the Dems such as Elizabeth Warren who are slowly gathering political strength from that grassroots movement.

Make reinstatement of Glass-Steagall a plank in the Republican platform before next summer’s convention.

Glass Chimera

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