Green Options » Glass-Steagall Act http://greenoptions.com/tag/glass-steagall-act Posts tagged 'Glass-Steagall Act' Thu, 06 Nov 2008 15:41:53 +0000 http://wordpress.org/?v=2.5.1 en Is There a Green Upside to the Economic Meltdown? http://inspiredeconomist.com/2008/11/06/is-there-a-green-upside-to-the-economic-meltdown/ http://inspiredeconomist.com/2008/11/06/is-there-a-green-upside-to-the-economic-meltdown/#comments Thu, 06 Nov 2008 15:41:53 +0000 Jim Witkin http://inspiredeconomist.com/2008/11/06/is-there-a-green-upside-to-the-economic-meltdown/ Economic Meltdown by BHowdyThe economic meltdown could be good news for the area of clean energy investing, according to Steven Fraser, a senior lecturer at the University of Pennsylvania and author of the recently published “Wall Street: America’s Dream Palace.” Fraser believes that backlash to the recent economic crisis will result in a new era of enlightened regulation and investment akin to Roosevelt’s New Deal, which helped America climb out of the Great Depression. Fraser offered these opinions in a recent interview on WHYY’s Fresh Air program.

In the interview, Fraser said he felt “very confident” that “real anger at Wall Street” will result in better regulation and more oversight of commercial and investment banking. The steady deregulation of these sectors over the past 25 years has created an “orgy of speculation” and brought us to the current crisis. The future of our economy will depend on rebuilding our infrastructure and a shift to new forms of clean energy, according to Fraser. Any overhaul of our banking and investment sectors should move capital into these areas and away from highly leveraged speculation.

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