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Should OWS's "Demand #1" be: You can't be an investment bank and a hedge fund at the same time?

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Electric Monk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 03:00 AM
Original message
Poll question: Should OWS's "Demand #1" be: You can't be an investment bank and a hedge fund at the same time?
Edited on Thu Oct-27-11 03:08 AM by Electric Monk
That seems pretty simple and straight forward to me. Relatively easy to understand, too.

Sorry, polls are turned off at Level 3.

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dd2003 Donating Member (198 posts) Send PM | Profile | Ignore Thu Oct-27-11 03:02 AM
Response to Original message
1. they dont oursource your jobs
having said that, shutting down the stock market would end unemployment
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 06:34 AM
Response to Reply #1
3. You've got it all backwards...shutting down the stock market would end retirement.
How else do you grow enough assets to retire?
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Laelth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 05:30 AM
Response to Original message
2. Other
1) Re-instate Glass-Steagall (repealed in 1999)
2) Repeal the Commodity Futures Trading Modernization Act of 2000

(both signed by Bill Clinton, fwiw)

That would effectively do what the OP suggests, but it's more precise (if also less easy to understand).

-Laelth
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justabob Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 06:43 AM
Response to Original message
4. that is a good one, but I would say that getting corp money out
of elections and government in general is crucial. We will never get change as long as candidates are beholden to their corporate masters to win elections and stay in office. It is INSANE that millions and even Billions of dollars are needed to run for office above the city level. Once the money is out, dealing with all the rest becomes much easier.
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