Igorsky

Fixing the Banks: What Should Obama Do?

Good article. I agree we should not only put back the tried and true, born out of the 1929-1933 financial crisis, Glass Steagle Act but expand it as well to cover derivatives and swaps and whatever future financial instruments financial engineers come up with.

We should also put back the rights of the States to impose Usury Laws that limit the interest rates credit card issuers charge.

Lastly, the Community Redevelopment Act should be repealed. It is the one act that started this whole financial fiasco rolling.