As Paul believes, this kind of nonsense is not capitalism or free enterprise. As the jury said, it is fraud. As Warren and McCain say, it is time to bring back a version of the Glass-Steagall Act (which Lawrence Summers battled successfully to repeal when he was Treasury secretary to President Clinton).
Congress should pass the Warren-McCain bill that would bring back major provisions of Glass-Steagall, and my hope is that Paul and his son, Sen. Rand PaulRand PaulWhat the 'Bernie Sanders wing of the GOP' can teach Congress GOP senators avoid Trump questions on rigged election How low is the bar for presidential candidates, anyway? MORE (R-Ky.), will support it.
The SEC is today crowing about the victory against Fabulous Fab in court. But it is disgraceful that higher-ups in various firms might get away with crimes that caused the financial crash if the SEC believes the biggest fish they can catch is the small fry Tourre after the most disgraceful financial scandal since the Great Depression.