Web Letters: Democratizing Capital

By Sherle R. Schwenninger

This article appeared in the April 7, 2008 edition of The Nation.

March 20, 2008

Write a Web letter about this article.

What's a Web Letter?

Web Letters are continuously published e-mails from real people, signed with their real names. No registration is required. Each article page on The Nation includes a Web Letters link.

Read the best Web Letters on this page.

We're committed to publishing your comments as they are received. We place a red star () on the best submissions and may edit your e-mail for length or content. Your e-mail address will not be published or shared with any third party without your consent.

If you prefer, you may submit a letter to the print edition only.

We look forward to hearing from you.

  • The most obvious New Deal counter to the current financial crisis is the Glass-Steagall Act. It limited banks' ability to make risky investments and to consolidate, but this act was eliminated in 1999--at the urging of the GOP, yes, but also at the suggestion of Clinton economic guru Robert Rubin. If Glass-Steagall were still in place, the current meltown likely would be much less extensive. Please make this fact known.

    Julie Leininger Pycior

    Hastings-on-Hudson, New York

    03/23/2008 @ 11:11pm


Advertisement
Advertisement

Blogs

» The Dreyfuss Report

Panetta? Ummmmm... Well..... | Could Obama have made a weirder choice for CIA director? Here's why Panetta is doomed.
Robert Dreyfuss

» The Beat

Franken Named Minnesota Winner | Board says DFL candidate prevailed by 225 votes over GOP incumbent Coleman.
John Nichols

» Act Now!

Allow Media into Gaza | Israel is encouraging abuses by preventing foreign journalists from entering the Gaza Strip.
Peter Rothberg

» State of Change

Is Kaine the Right Choice to Lead Party? | Will Tim Kaine be a good DNC chair? Much will depend on what the Obama team has planned.
Ari Berman

» Editor's Cut

A Trillion Dollar Recovery | We don't need a stimulus, we need a recovery. And that means investing $1 trillion over the next two years.
Katrina vanden Heuvel

» Capitolism

Year in Review | A look back at a crazy year.
Christopher Hayes

» The Notion

Hard Times Without Studs | One of Terkel’s former book editors considers a Studs-less world.
Tom Engelhardt

» And Another Thing

Bill Ayers Whitewashes History, Again | The Weathermen were not just a bunch of idealistic young people.
Katha Pollitt