WASHINGTON (AP) — Democrat Martin O’Malley is making tougher oversight of Wall Street a centerpiece of his presidential campaign, outlining steps to bring more regulations to large banks and tax high-frequency trading.
The former Maryland governor was releasing a series of policy proposals Thursday aimed at regulating large banks and cracking down on financial industry excess.
O’Malley says he would seek to reinstate the Glass Steagall Act, which required Wall Street firms to separate their commercial and investment banking practices, until it was repealed in 1999. Liberals contend its repeal helped contribute to the 2008 financial crisis.
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15 comments:
Many have tried, all have failed.
No!! Need a bigger wall on the border you freaking idiot.
I guess his idea is to raise taxes for some reason or the other.
Oh yeah. That is really a priority. Not. With all the troubles we have in the US, I would place Wall Street at the bottom of the fix it list. How about immigration, crime, poverty, education, government waste, etc. Maybe now we know why Owemalley has only 1% of the vote in early polls.
you got it wrong the Omally you socialist communist Libtard the real problem is the FED, Federal Reserve Board a non-elected central US government bank. That never should have been established and is the sole reason for our fiscal nightmare that were about to experience
O'Malley is such a loser. He does what he always did as Maryland's Governor - always focusing on the wrong thing. How about first building a fence on the border, lowering corporate tax rates (creating employment), stimulating businesses.
Fix the USA like you've done for MD. You've left a mess in MD, especially DPSCS.
Go away O'Malley!
Yep, otaxie was the single most devastating person to EVER govern the state of Maryland. With all the double-digit fees and taxes he put on the people, the businesses, he created such devastation that the state has not recovered yet.
O'taxie is a complete idiot. Liberal o'taxie will contend anything regardless if it is true or not to divert people's attention to the real problems facing the country. While they slide in the backdoor in secret meetings to devise more sinister plots to tax innocent Americans and relieve you of your hard-earned money in the form of taxes.
This man isn't to be trusted. He robbed the state transit fund and wasted that money and left the infrastructure to crumble, he robbed the pension fund and left pensioners, and retirees wondering if their pensions they had worked for years to earn would still get them through.
He is another slick fast talking snake oil salesman who would rather lie than tell the truth. The only person he truly cares about is himself and himself only.
I wonder how many O'Malleys still work for the State of Maryland Government?
More o'Malley oversight is what we need more ove. Remember that his judge appointed wife is still collecting the gravy.
We have a Congress that is immune from insider trading, that would be the place to stop the madness.
Im sure he is trying to figure out a way to tax this!
Why would anyone want to hear what this bozo has to say?
Need more oversight of politicians!
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