The new Glass Steagll banks will be cut up, but they will be real, that is what happens when this bill passes. Senator Angus King has been talking about the necessity to change the structure of banking with a new Glass Steagall Act. This is the only way to cut up the big banks.
Hey, Harlem, get in on the credit system, we need some investment in the future.An interesting side effect would be to force the commercial banks to invest in the only things they would be able to invest, namely, municipal and state bonds. Seems Angus King was also on the the Yahoo internet show, the Daily Ticker. It's back, with John McCain, Eliz Warren, Angus King and Maria Cantwell, all Dem, Repub, Independent Senators.
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