Huntsman On Financial Reform

Huntsman Praises ‘More Sweeping’ Financial Sector Regulation | Swampland | TIME.com: "...So, how does Huntsman propose to deal with Too Big to Fail? He presents a menu of options, including two big policies from across the pond: The UK’s plan to segregate commercial deposit banking from investment banking–it’s known there as “ring-fencing” but is frequently referred to by the name of the now defunct Glass-Steagall Act in the U.S.–and Switzerland’s strict capital requirements, which are not so unlike the ones that saved Canada’s bacon in ’08. While re-instating Glass-Steagall is probably not the regulatory panacea some claim it to be, it’s quite popular in some political circles. For instance, it’s item #1 on many Occupy Wall Streeters’ list of demands, and it has long-standing appeal on the fringes. (Think Paulites and Larouchies.)..."