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Wednesday, October 26, 2011

Too big to fail = too risky to exist

Robert Reich calls for the reinstatement of Glass-Steagall and the breaking up of the large banks. He doubts it will happen because Democrats are still too beholden to Wall Streets political contributions...


"I doubt the president will be condemning the Street's antics, or calling for a resurrection of Glass-Steagall and a breakup of the biggest banks. Democrats are still too dependent on the Street's campaign money.
That's too bad. You don't have to be an occupier of Wall Street to conclude the Street is still out of control. And that's dangerous for all of us."
...which is why the #1 most important demand of Occupy Wall Street is...wait for it...public funding of all elections, the overruling of Citizens United with a Constitutional Amendment, and the removal of private money from all federal elections. Amen brother.

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