We've had a lot of columnists write about the Pecora Commission, active during the period of time that Glass-Steagall was enacted, when many investment bankers were put in jail. Stealing money from people's bank accounts was precisely the activity that enraged our Senators of that time.
What are our Senators doing now? They are busy legalizing the process.
What is a "Systemically Important Financial Institution?"
What is the Financial Services Bill ? (Hint. . .it is not Glass-Steagall)
Who are the PRA and the Financial Conduct Authority?
Call your Senators and ask them. 202-224-3121.
Do you have your money in a Global Systemically Important Bank?
Citigroup, HSBC, JPMorgan Chase, Barclays, Bank of America, Bank of New York Mellon, Goldman Sachs, Morgan Stanley, ING, State Street, or Wells Fargo are all in this group, along with many more.
They are "Systemically Important Financial Institutions"
SIFI. Unfortunately, that doesn't stand for Science Fiction.