Why Glass-Steagall is So Important

Basically it would mean that you put a firewall between the commercial banks and the investment banks; and put the commercial banks under state protection so that they can continue to provide credit to the real economy, the small- and medium-sized firms, trade, retail, all these things which are essential for the real economy. But you separate the investment banks completely. That means the investment banks should no longer have access to the savings of the commercial banks, and they should not be bailed out through taxpayer money.

Comment: In other words no more Bail-ins or Bail-outs of the Wall Street Banksters Using Taxpayer Money! This is Bankster fraud using our money to bail themselves out of their GAMBLING debts (aka DERIVATIVE debts).

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