The Right Honorable George Gideon Oliver Osborne, Chancellor Exchequer, Second Lord of the Treasury of the United Kingdom, and a member of the Conservative Party has called for the separation of banking function in Britain. Retail banking will be retail banking, and investment banking will be investment banking.
It appears that the Right Honorable gentleman is invoking the UK equivalent of the United States Glass-Steagall Act. Which we the people of the United States so foolishly and cavalierly allowed our elected representatives to throw on the mantle of profit and gain for the few, at the cost of the pain and suffering for so many. Someone does have to pay piper.
According to the Right Honorable gentlemen “No more rewards for failure … no more taxpayers forking out for the mistakes of others,”
Stand up George and take a bow and your next step on your path to being the Prime Minister.
What about the United States?
Now if we can just find such an individual here in the United States, come on ladies and gentlemen for surely there is one amongst all of the individuals in elected office who is willing to come forward and carry this banner?
What say you Barrack? You are a fine strong strapping lad; you have risen to highest position in the land. What say you? You who has been given the bully pulpit. You who can set the agenda. You who can bring pressing matters to the forefront of the people. Your idol was not timid. Now is the time to build the legend that is Barrack Hussein Obama. What will be that legend be? What story will be passed down from one generation to the following generations? Now is the time to confirm your legacy, now is the time to be audacious.
If not Barrack. Is there any one else among you who will accept the challenge? What say you Mr. Reid? What say you Ms. Pelosi? What say you Mr. Johnson? What say you Ms. Warren?
We do know of one that it will not be, that would be the Right Honorable Gentlemen Jeb Hensarling, after all his mentor Phil Gramm was one of the ring leaders in the repeal of Glass-Steagall.