How would you reform the banking sector?

[🦀🎂🦀🎂]

if you had it within your power, how would you change the reguaktions surrounding Wall Street and the banks. I admit I know very little specifics beyond populist blather, so I'd be interested in a more nuanced view.

[King]

I think our banking system is quite good. The real problem is investment banking that sort of makes money just to make money.

The cleanest solution is to institute a progressive capital gains taxes based on holding length, which would go after day traders, speculators, shorters, etc. and reward true investment.

I would also attempt to design some sort of federal-private partner system to incentive banks to take more chances on small business loans. There are several possibilities here, and I am no expert to determine the best one. I would like to see credit unions expand, however. Perhaps raising the NCUA insurance rate and lowering the FDIC rate to get more money into them would be simple solution.

[Ebsy]

There is no rational market reason for the existence of High-Frequency Trading, so I would put a cap on trading speed and drive all those rats out of business.

[Sprouts Farmers Market ✘]

There is no rational market reason for the existence of High-Frequency Trading, so I would put a cap on trading speed and drive all those rats out of business.

Would it be feasible to just ban all trading that involved algorithms or would that be too expansive? (Perhaps on trades meeting a certain dollar total at least. Not sure of the mechanics of that because one could conceivably execute many consecutive trades, but I'm not the policymaker.)

Obviously frontrunning nerds to redefined at a minimum.

[MyRescueKittehRocks]

Restore Glass Stegall.

[Rockefeller GOP]

Restore Glass Stegall.

You're such a RINO, bro.

[OSR stands with Israel]

Restore Glass Stegall.

[○∙◄☻¥tπ[╪AV┼cVê└]

Restore Glass Stegall.

This, among other things.

[○∙◄☻¥tπ[╪AV┼cVê└]

Restore Glass Stegall.

You're such a RINO, bro.

The 2008 Republican nominee supports it. However, the 2016 Democratic frontrunner is too much of a DINO for this.

[Intell]

Nationalize the banking system.

[Rockefeller GOP]

Restore Glass Stegall.

You're such a RINO, bro.

The 2008 Republican nominee supports it. However, the 2016 Democratic frontrunner is too much of a DINO for this.

Does a single 2016 GOP candidate support it?

[Sprouts Farmers Market ✘]

Restore Glass Stegall.

You're such a RINO, bro.

The 2008 Republican nominee supports it. However, the 2016 Democratic frontrunner is too much of a DINO for this.

Does a single 2016 GOP candidate support it?

Santorum seems to lean that way despite not taking a firm stance. I'd imagine quite a few would though no one will talk about it. Trump logically would.

[Hatman 🍁]

Seriously though, nationalization sounds good, or create a government run national bank to compete with existing banks.

[DC Al Fine]

if you had it within your power, how would you change the reguaktions surrounding Wall Street and the banks. I admit I know very little specifics beyond populist blather, so I'd be interested in a more nuanced view.

I'd be interested in this too as banking really isn't my field of expertise. Perhaps a brief list of leftist/populist complaints about the banking system would help. I've noticed that banking has a sort of "mystique" about it in the minds of some, which seems to make people more... loud in their views than they would about other industries like utilities or mining.

[Clarko95 📚💰📈]

Restore Glass Stegall.

You're such a RINO, bro.

The 2008 Republican nominee supports it. However, the 2016 Democratic frontrunner is too much of a DINO for this.

Does a single 2016 GOP candidate support it?

Santorum seems to lean that way despite not taking a firm stance. I'd imagine quite a few would though no one will talk about it. Trump logically would.

The Federal Reserve's new capital requirement rules have the effect of incentivizing large banks to shrink in size and scope, so while it's not exactly what Glas-Steagall entailed, it does have some similarities.

[Deus Naturae]

https://en.wikipedia.org/wiki/Full-reserve_banking

+ get rid of legal tender. Under the current system, private banks create money of nothing, earn interest on every single dollar created, and the government forces everyone to use their funny money, while people think they're using a "public" currency.

It's a system of financial slavery that allows commercial banks to parasitically extract the productive output of the economy without the knowledge of the population. It was pretty easy for me to figure this out but unfortunately most people are just too retarded.

[Ebsy]

https://en.wikipedia.org/wiki/Full-reserve_banking

+ get rid of legal tender. Under the current system, private banks create money of nothing, earn interest on every single dollar created, and the government forces everyone to use their funny money, while people think they're using a "public" currency.

It's a system of financial slavery that allows commercial banks to parasitically extract the productive output of the economy without the knowledge of the population. It was pretty easy for me to figure this out but unfortunately most people are just too retarded.

So insightful.

[courts]

https://books.google.com/books?id=7U1-AQAAQBAJ&pg=PA37&lpg=PA37&dq=Promstroybank&source=bl&ots=I3FTljs7Ve&sig=HKp22G8w1zQoqF7cAGzhnCwr8yM&hl=en&sa=X&ved=0ahUKEwj7iP628LnJAhVJp4gKHTOyCqQQ6AEIOTAH#v=onepage&q=Promstroybank&f=false

[NeverAgain]

Family Guy Style.