Along with various Financial and Banking institutions, multinational and sometimes monopolistic corporations have secured unfair legal and economic advantages among Politicians, diverting millions of dollars from taxpayers at the expense of domestic spending programs and programs to support small business enterprise. To reign in the Banking and Corporate Sectors, the following reforms must occur:

 

1. Abolish the Federal Reserve Bank (a private bank controlled, for-profit entity) and restore to Congress, the US Treasury Department, and ultimately The People, the power “to coin money and regulate the value thereof” (per Article 1, Section 8, U.S. Constitution);

2. Restore the Glass Steagall Act, a law which successfully ensured a firewall between commercial banks (i.e. lending banks which hold checking/savings accounts) and investment banks from 1933 until its repeal in 1999, a move which paved the way for the 2008 financial crisis;

3. Provide funding to encourage non-profit Publicly owned State Banks (similar to the State of North Dakota Bank);

 

4. Institute a Financial Transaction Tax on computerized high frequency ("algorithmic") trading of stocks, bonds, futures, etc;

5. Strengthen the Dodd-Frank Wall Street Reform and Consumer Protection Act by:

a. restoring the $10 billion threshold whereby banks are required to conduct annual "stress tests" to determine their ability to deal with economic crises,

b. prohibiting unregulated trade markets for modern financial innovations (such as derivatives, credit default swaps and collateralized-debt obligations) by requiring all financial trade instruments to be transacted and cleared on regulated exchanges as is required for stocks, futures, and commodities,

c. restoring mortgage loan reporting requirements to minimize discriminatory lending practices by banks and credit unions,

d. require major financial companies to pay $19 billion into an FDIC-style fund that would cover the cost of any future bailouts to avoid using taxpayer money to do so,

e. require major financial firms to create “living wills” detailing how they would be wound down if financial collapse is imminent,

f. restore "orderly liquidation authority" to allow government regulators to wind down major financial firms too complex for  bankruptcy proceedings in the midst of a crisis.