Super Glass-Steagall would consign today's handful of giant financial services conglomerates to the arena of pure free enterprise where they would live or die at the hands of competition and their value to customers. There would be no bailouts of alleged Too-Big-To-Fail institutions because this proposed enactment would strip the statute books of every vestige of authority to rescue banks with assets greater than $180 billion (<1% of GDP).

To remove any doubt, it would also impose multi-million fines and jail time on top officers of the Federal Reserve and U.S. Treasury if they tried to circumvent any of the new Super Glass-Steagall restrictions. So doing, it would reassure the American public that the larcenous crony capitalism of the last two decades has been abolished and that the ability of the racketeers of K-Street to corrupt the halls of government has been drastically curtailed.