While I disagree with Obama 99.9% of the time, I do agree that banking in this country needs to be regulated--in order to prevent another economic collapse--such as we are going through right now. We may be going back to the Glass-Stegall act--that was instituted in 1933--& again which was deregulated in 1999. 1999--does that sound familiar to you all? Fannie/Freddie were also deregulated--no one needed a good credit rating, no collateral was needed & of course no down payment was required--this while banks were pressured into lending to people who could not repay the loans. Wall street banking firms bought them up (mortage backed securities) as fast as they could--& started trading them in the black hole--called the derivatives market--aka hedge funds. They with the help & full support of our federal government built a house of cards that collapsed leavinig the American tax payer holding the bag. Goldman Sacs grew 5 times larger after the deregulation. In fact all Wall Street banking firms grew so BIG--that they "were too big to fail." Now, I know that everyone is having a fit over the stock market losses over the last few days. BUT--in reality--where exactly are the "profits" that make for bull markets? Banking stocks have gone up dramatically over the last several months on the euforia that they "survived." This of course, thanks to billions in tax payer bail-outs. Long term financial security & growth depends on solid banking practices. So my question to all of you nay-sayers. When Joe on the street heads to a casino to spend his money--are you going to back him with your credit card for his losses? I kind of doubt it. Shouldn't we expect the same from our banks? Because, if banks lose--it's our loss--because it's our money. It looks like this bill will require banks to keep their investments--made from the profit of their operations separate from depositor money--(or our deposits) from being bet on the casino table. In my opinon--that's not a bad idea. Your thoughts--on this new bill & please feel free to correct me--if you are reading it differently.