Obama admin. fights against breaking up TBTF casino banks/financial houses
The Obama admin. is going against Paul Volker, who is advising them.
The administration is resisting reinstating Glass-Steagall, (undoing the main culprit in our current economic disaster The Gramm-Leach-Bliley Act of 1999), meaning reinstating the firewall between investment banks and commercial banks (breaking up the too-big-to-fail behemoths), the repeal of which law in 1999 set off the casino capitalism on Wall St. and led to the meltdown we're now in, worldwide:
Read - from thinkprogress .org and from The New York Times -