Finally - a ray of sanity
Hat tip to
Market Ticker for this
wonderful piece of news:
H.R. 1489: To repeal certain provisions of the Gramm-Leach-Bliley Act and revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so-called "Glass-Steagall Act", and for other purposes.
Call your congresscritters and tell them to push for this bill.
I love the short title from the bill:
SECTION 1. SHORT TITLE.
This Act may be cited as the �Return to Prudent Banking Act of 2011�.
Full text here:
Text of H.R. 1489
Posted by DaveH at April 14, 2011 1:45 PM