Comment Text:
Dear Sirs,
The lack of sound foresight, prudent judgement, and fair practice that has occurred in the last decade from the financial industry illustrates the need to return to much more prudent banking practice regulation.
The health of our economy, our citizenry, and national security depend on it.
The US citizenry needs a banking system that is prudent, earns and maintains their trust, and may never be permitted to exercise practices where conflicts of interest may occur between banks' own proprietary trading and the best interests of it's customers.
Protections for the American publics best interests in US banking and finance systems must be strengthened. The derivatives market must become fully transparent, As the Dallas Fed has recently advocated, the bigger banks should be broken up. The Glass/Steagall Act should be re-implemented.
And,Volker Rule should be passed in full.
Thank You.
