Restoring American Financial Stability Act of 2010: Should the US Congress adopt financial reform legislation?

  • Yes, the US Congress needs to keep up with other developing countries' financial progress.

    Countries with caps on CEO pay, policies for bailing out people instead of corporations and laws that protect people instead of granting personhood to corporations are progressing far ahead of the United States economy. If the US does not want a poverty-stricken country it would do well to adopt financial reform legislation in light of these policies.

  • Back to Glass–Steagall

    The main reason we're in such a financial mess to begin with is that Bill Clinton repealed the Glass-Steagall Act passed during the administration of FDR. This has been acknowledged as a major factor for our banking meltdown. So yes, this piece of vital regulatory legislation should be restored. The fact that we're not pursuing this is just a sign of how dysfuctional our government truly is.

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