Glass-Steagell was repealed in 1999 with Sen. Orrin Hatch's "yea" vote. Because of this vote we had not only 2007-2008 hit us, but now we see JP Morgan Chase lose over $2 billion because they have become both a commercial and investment bank. This should never have been allowed.
TARP was implemented because these same banks are too big to fail and their mistakes made them, and our economy, vulnerable to collapse.
Hatch wants another term to change things. We need a fresh perspective.
Paul J. Chappell
- Michael and Jenet Erickson: In marriage...
- Politicians being awkward at Halloween
- In our opinion: 'If it ain't broke' ...
- My View: Children need mother and father
- Letter: Pulling down signs
- My view: U.S. faces grim future in Middle East
- My view: Let's get Congress working again for...
- Jay Evensen: Should Utah be in the Central...
- Jay Evensen: IRS abuses continue... 46
- Michael and Jenet Erickson: In marriage... 41
- Letter: Waiving rights 37
- The most important speech in Ronald... 36
- My view: Herbert should pick law... 32
- Letter: Common Core jeopardy 30
- My view: U.S. faces grim future in... 30
- Robert J. Samuelson: Wages stay... 29