Maybe Its Time To Repeal, The Repeal Of Glass-Steagall Banking Act... ??

Glass–Steagall Act of 1932

The separation of commercial and investment banking PREVENTED securities firms and investment banks from taking deposits, and commercial Federal Reserve member banks from:

• Dealing in non-governmental securities for customers.
• Investing in non-investment grade securities for themselves.
• Underwriting or distributing non-governmental securities.
• Affiliating (or sharing employees) with companies involved in such activities.

Gramm–Leach–Bliley Act (GLBA) of 1999

Repealed the two provisions restricting affiliations between banks and securities firms.

Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010

“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression, you're right. WE DID IT. We're very sorry. But thanks to you, we won't do it again” - Federal Reserve Chair Ben S. Bernanke

The Act created the Financial Stability Oversight Council (FSOC) to address persistent issues affecting the financial industry and prevent another recession.

• The Volcker Rule, which is aimed at preventing commercial banks from taking part in speculative activities and proprietary trading for profit. 
• The Consumer Financial Protection Bureau (CFPB) was established as an independent financial regulator to oversee consumer finance markets, including student loans, credit cards, payday loans and mortgages. 
• The SEC Office of Credit Ratings ensures that agencies provide reliable credit ratings of the businesses, municipalities and other entities they evaluate.

Financial market participants appear to recognise the FOMC's data-dependent approach because incoming data surprises typically INDUCE CHANGES in market expectations about the likely future path of policy, resulting in movements in bond yields that act to buffer the economy from shocks. - Federal Reserve Chair Janet Yellen

Interest On Reserves (IOR) is the rate at which the Federal Reserve Banks pay interest on reserve balances, which are balances held by depository institutions at their local Reserve Banks. One component of IOR is interest on required reserves, which is the rate at which the Federal Reserve Banks pay interest on required reserve balances.

Quantitative Easing is an unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to increase the money supply and encourage lending and investment.

Reverse Repurchase Agreement Operations (reverse repo) is a short-term agreement to purchase securities in order to sell them back at a slightly higher price. Repos and reverse repos are used for short-term borrowing and lending, often overnight. Central banks use reverse repos to add money to the money supply via open market operations.

The Financial Choice Act of 2017

Legislation "undid significant parts" of Dodd-Frank, passed the House of Representatives 233–186

Economic Growth, Regulatory Relief and Consumer Protection Act of 2018

Exempting dozens of U.S. banks from the Dodd–Frank Act's banking regulations, passed into law by the House of Representatives, signed off by the President

Federal Reserve Chair Jerome Powell Testifies Before Two Congressional Committees

I THINK UNITED STATES FEDERAL BUDGET IS ON AN UNSUSTAINABLE PATH IN THE SENSE THAT SPENDING IS GROWING FASTER THAN THE ECONOMY, AND ULTIMATELY THAT BECOMES UNSUSTAINABLE AT SOME POINT. I think we're racking up greater and greater debt. The debt is growing faster than the economy. DEBT AS A PERCENTAGE OF GDP IS GOING UP AND THAT'S UNSUSTAINABLE I MEANT TO SAY. It's something that we need to get back to and assess and it's not up to us to say how to do that. What combination of spending and taxes. That's totally the province of the legislature, but it's something that's important over the longer run. WHAT WILL HAPPEN IF WE DON'T DO IT IS WE'LL WIND UP SPENDING MORE AND MORE ON INTEREST AND LESS AND LESS ON THE THINGS WE NEED TO SPEND MONEY ON, EDUCATING OUR GRANDCHILDREN AND ALL OF THE IMPORTANT THINGS THAT WE DO, YOU KNOW, FOR THE BENEFIT OF THE PUBLIC WITH FEDERAL TAX DOLLARS.