It's an intriguing new idea (from the party that actually has ideas, i.e., the Democrats), and this piece from Salon does an effective job of listing the pluses, of which there are many.
One that it does not mention: in the absence of any action by Congress to break up the big banks, it would inject a real degree of competition into the banking services currently available to consumers at all economic levels. It wouldn't do as much as a new Glass-Steagall Act could do for the American people, but it certainly wouldn't hurt.
No comments:
Post a Comment