Senator Elizabeth Warren has just reintroduced a bill to restore the Glass-Steagall Act, which prevents big banks from gambling people's taxpayer-insured life savings.
The original Glass-Steagall Act was passed after the great crash of 1929 and led to 50 years of bank stability -- until it was repealed in 1999.
Then, "too big to fail" banks took massive risks, crashed our economy, and demanded taxpayer bailouts.
As Senator Warren says, "The biggest banks are collectively much larger than they were before the crisis, and they continue to engage in dangerous practices that could once again crash our economy. The 21st Century Glass-Steagall Act will rebuild the wall between commercial and investment banking and make our financial system more stable and secure."
We've had enough of our democracy being bought by Wall Street banks and other corporate interests. We call on Congress to break up the "too big to fail" Wall Street banks and pass major systemic changes like Elizabeth Warren's 21st Century Glass-Steagall Act.
Will you join the fight?