Robert Reich - Ten Ideas to Save the Economy #4: Bust Up Wall Street

Robert Reich (Ten Ideas to Save the Economy #4: Bust Up Wall...) 

Summary:

1. First, resurrect the Glass-Steagall Act that used to separate investment from commercial banking.
2. Second, put a small sales tax on every financial transaction. This would discourage speculation and slow down the casino. Not incidentally, such a tax could generate billions of dollars a year for, say, better schools.
3. But the most important thing we should do is bust up the big banks. Any bank that’s too big to fail is too big, period.