Elizabeth Warren, Bernie Sanders and the ex Governor of New York, to name a few, have some great ideas about restoring something similar to Glass Steagall, the main thing is separating Banking from the risky (for lack of the right word) gambling practices along with requirements for bank assets on hand to back their loans and investments. The lack of which 'brought the house down'.
The thing is our system has become so bought out by these interests that they control what Ideas come to the forefront, to a large degree the we are dependent on election cycles as to what gets done and when. If its close to election, no congressman, senator or the President who depends on the bank and Wall Street donations is going to take them on. If we're ever going to get fair outcomes for the masses as well as the banks, we'll have to get their money out of politics. Which means major political election funding changes. When the public can apply as much pressure and influence on our government as now comes from these moneyed interests, will we get fair outcomes.
These problems are why its coming down to multiple protests accross the nation, because only moneyed interests were and are being heard. Obama has in reality only given lip service to real change that's needed. If the economy continues to get worse, we'll see far more protests and the government will then listen, if they don't and attempt to squelch the protests and the points behind the protests, the bigger the protests will get untill they do listen and act on the requests.
I'm afraid that the public will have to force the issue, because as of now, the money is talking louder and I don't think we'll see the return of anything similar to glass steagall and fairness for main street untill that issue is forced. I well remember the 60's and early 70's and the only thing that brought the end to the damn war was protests forcing the issue. The more the government fought it, the bigger the protests and the more the pressure was applied on government to listen. I believe we are near that point again where the public is so fed up with not having a say, that massive protests are just around the corner. Watch what happens in the spring.