In order to rein in the big banks and Wall Street in general, and prevent another economic meltdown like the one we've just suffered, please introduce legislation that will restore the Glass-Steagall safeguards.
Why is this important?
Most analysts agree that the repeal of the financial regulation provided by the Glass-Steagall law made possible the financial meltdown that hurt so many of our citizens and led to the worst recession since the 1930s. I personally lost $50,000 of a $60,000 investment that was a large part of my retirement nest egg, and others in the same investment lost everything.
