Tell Congress to Reinstate Glass-Steagall—No Company is “Too Big to Fail”

From the Campaign for America’s Future (http://www.ourfuture.org/):

Almost all Americans agree: no one and no company should ever be too big to jail.

We say almost, because corporate executives and big banks have been trying for years to keep us from restoring a major piece of legislation that would keep big banks from making risky investments that put the American economy in jeopardy.

The Glass-Steagall Act of 1933 would have prohibited commercial banks from engaging in the kinds of investment practices and risky lending schemes that led us into the 2008 recession. But the law was repealed in the 1990s. When the Great Recession hit us like a ton of bricks, we didn’t have its protections in place. Instead of experiencing a major fallout, the big banks got a major bailout.

Go to https://www.signherenow.org/petition/glass-steagall/caf/ and tell Congress: We must reinstate the Glass-Steagall Act, because we cannot afford another major economic collapse caused by reckless investment and irresponsible banking practices.

Campaign for America’s Future is proud to partner with progressive champions Daily Kos, AFL-CIO, Americans for Financial Reform and a dozen other organizations to demand that Congress support bipartisan legislation introduced by Sen. Elizabeth Warren (D-Mass.) that would reign in Wall Street gambling and restore Glass-Steagall.

Both the Democratic and Republican party platforms include provisions to restore Glass-Steagall. With this much support across the political spectrum, we have a huge opportunity to take on Wall Street. Let’s seize it. Tell Congress to restore Glass-Steagall today.