Re-instate the Glass-Steagall Act.
Why is this important?
The most sensible financial reform would be to separate sound banking practices from gambling via derivatives trading and other activities such as High Frequency Trading ( now 70% of all stock trading). Simply re-instating the Glass-Steagall Act, which kept banks from reckless speculation and entering other business areas, would be a true return to sensible policies of the past. As legendary former Federal Reserve Chairman Paul Volker has stated, " The only worthwhile innovation in Banking in the last 30 years was the ATM machine."
