Simple, Wall Street has proven to us once again they cannot control themselves. So we need to do the following.
Force all Investment banking/Hedge Funds/Brokerage Houses to become private partnerships - no more corporations.
Ban all non-monetary compensation from wall street for upper management. No more stock bonuses.
Finally, a transaction tax, every share bought or sold will be taxed at a penny per share. This will cut down on speculation and that money will go into paying off the bail out. They got us into this mess they’ll get us out.
Fannie & Freddie - wipe out all the shareholders and bring it back in under the federal government and continue to pay off the bondholders. Fannie & Freddie got in trouble when their shareholders looked at the “gains” from countrywide and said “Why not us?”