The Big Picture: Tame Wall Street with Robert Reich
This is the 4th installment of ‘The Big Picture: 10 Ideas to Save the Economy’ with Robert Reich:
Tame Wall Street
The only sure way to stop excessive risk on Wall Street, so you don’t risk losing your job or your savings or your home, is to put an end to the excessive economic and political power of Wall Street – by busting up the big banks.
— Robert Reich
How to Tame Wall Street
Wall Street devoured you once (2008). Don’t let it happen again.
- Resurrect the Glass-Steagall Act (it separated investment banks from commercial banks)
- Put a small federal tax on every Wall Street trade
- Bust up the big banks!
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