As a practical matter, then, her proposals are invitations to more dilution and finagle.
The only way to contain the Street's excesses is by taking on its economic and political power directly -- with reforms so big, bold, and public they can't be watered down. Starting with busting up the biggest banks, as Bernie Sanders proposes.
More than a century ago, Teddy Roosevelt broke up the Standard Oil Trust because it posed a danger to the U.S. economy. Today, Wall Street's biggest banks pose an even greater danger. They're far larger than they were before the crash of 2008.
Unless they're broken up and Glass-Steagall resurrected, we face substantial risk of another near-meltdown -- once again threatening the incomes, jobs, savings, and homes of millions of Americans.
To paraphrase philosopher George Santayana, those who cannot remember they were screwed by Wall Street are condemned to be screwed again.
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