Before Next Crash, Create Finance System That Serves Public, Part I: Shrink, Regulate Banks, and Enforce Law 

Wednesday, 10 April 2013 00:00  
By Kevin Zeese and Margaret Flowers , Truthout | News Analysis 

Big finance - the too-big-to-jail banks that dominate the economy and government - is designed for financiers and does not benefit most people. That is why many are in rebellion against the looting class of Wall Street. But if we don't like Wall Street finance, what would we replace it with? What would a finance system that served and protected the people look like?

 It is time to put together a new kind of financial system. Since the crash of 2008, not only do fraud and high-risk investments continue with little regulation and lax enforcement, but policies that protect people have weakened. Experts predict that another collapse of the big banks is very possible. In our fragile economy, another crash could have devastating consequences.