Real Financial Reform: Without Strangulation or Expanding the Bureaucracy
- Restore a revised Glass/Steagall Act to separate banking and speculation to reduce systemic risk.
Although they perform certain beneficial financial and capital market and merger services, Wall Street houses, financial institutions, and hedge and equity funds can also suck the wealth out of the economy for themselves at the expense of jobs, economic growth, their corporate targets and their target company stockholders and must be regulated in the public interest.
Harry L. Langer E-mail: harry firstname.lastname@example.org
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