Perhaps the intricacies and complexities of current and proposed legislation need an antidote. Returning to the simplicity of the Glass-Steagall act cuts out all the loopholes that Dodd-Frank's complexity allowed. Bring back Glass-Steagall. And the Fairness Doctrine, whereby television stations and radio stations were required to provide free airtime for opposing political views as their contribution to the public for their use of the airwaves. Simplicity.
Why is this important?
Let's forget the intricacies of the Dodd-Frank bill and rely on the simplicity of Glass-Steagall. It worked fine for 50 years, let's just bring it back.
