posted by (anonymous) at 04:56pm on 2009-04-13
I think the gentleman already answered his own question. In the 1930s, we had the investigation. We passed the Glass-Steagall law, created the SEC, insured and regulated the banks, created the forty-hour week and the eight hour day, made overtime law instead of a vague possibility, and put worker and financial system protections and restraints in place that led to a largely functional and stable economy for the next 50 years. Yes, there were peaks and valleys, bubbles, booms and busts, but no total disasters.
And then the Republicans and big business dismantled the safeguards and protections, the over-sight and accountability and -
here we are.
We did the investigation the first time. The remedy has not changed and, luckily, we wrote it down last time.

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