1933 Glass-Steagall Act

Glass-Steagall Act did the following.

http://www.investopedia.com/articles/03/071603.asp

The Gramm-Leach-Bliley Act in November 1999 did the following.

http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act



Today the lawmakers must devise another plan to both address the current crisis and prevent another one. Citizens, we must push for the obvious... checks and balances plus limits and regulations.

We can not go backwards and replace GLB with GS. We need entirely new approaches to an entirely new animal.