He goes on to propose the solution, in 10 relatively easy steps. The Banks will screech, of course.
Tough patooties for them.
A couple from the list:
The bought-and-paid-for Congressional shills (Dodd retired, Schumer took over) will scratch and claw. No matter. Glass-Steagall worked very well; the CFMA regulates highly-leveraged (and very dangerous) trades; and 12-1 leverage is actually pretty generous, given what we saw in the last few years.