Sen. Elizabeth Warren, D-Mass., has, with three co-sponsors, introduced major new legislation that might just help avoid another financial meltdown like the one in 2008.
A bill she calls a “new 21st Century Glass-Steagall Act to once again separate ordinary banking from the high-risk activities that broke our economy” needs our support.
I blogged about it this morning at
“Sen. Elizabeth Warren proposes major banking overhaul.”
“The bill gives the financial institutions five years to split their commercial and investment businesses into distinct entities – shrinking the size of our big banks and taking an important step toward ending ‘Too Big to Fail,’ ” she writes in an appeal for support from Russ Finegold’s “Progressives United.”
Sen. Warren is appealing for our help.
CALL FOR ACTION
Sign up as a citizen co-sponsor of Sen. Warren’s bill.
Click here to do so.