If you’ve never heard of Brooksley Born, be sure to google her name and make sure you watch “The Warning” by Frontline.
SF Gate-
Brooksley Born, whose effort to regulate over-the-counter derivatives was thwarted in the 1990s, said large lenders should be broken up to separate their investment and commercial banking activities.
Banks must be “tasked with the job of deciding how best to split themselves up” under the supervision of regulators, Born, former chairman of the Commodity Futures Trading Commission, told reporters in Washington today. “There should be rules imposed, perhaps something like Glass-Steagall.”
[SF GATE]
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Glas Steagal Act needs to be put in place and never removed. Like the Constitution should never be removed. Any acts against both deemed to be treason on the American people. The deregulation of this act and laws protecting American families has been devastating to this country and all American families.