Originally Posted by Luckydawg

I would like to keep our banks regulated for OUR protection but yet keep the Capitalism in Wall Street.

We've socialized the banking risk. They get all of the reward and when $hit hits the fan, they socialize the risk and you and I pay for it through taxes or inflation. This happens time and time again and I for one am sick of it.

The Glass-Steagall Act of 1933 was put in place to keep us from a credit driven recession (depression) and it was removed along with many other banking regulations to get us to this position we are in today. We can't print our way out of this mess. The garbage in the basement (collateral debt obligations and mortgage back securities) is what we are all paying for. All sold as AAA. I'm not calling for a change from capitalism to socialism and I don't think Moore is either. I just want the looting and corruptness to stop. He merely points out some of this in his film.

Back on topic, Moore and others should bring up the looting in our industry as well where the whipsaw between regional/mainline, regional/affiliate, big jet vs little jet, bankruptcies held over our heads, abrogate contracts in bankruptcies while paying bonuses to management, etc, that have been driving down wages for decades. Like him or not at least he gets some truth out there. He embellishes sometimes but so does Hollywood, CNN and Fox.