We should look to reintroduce a new model of the Glass-Steagall act thereby separating the investment and commercial aspects of banking, such a move would look to protect your average commercial bank that provide mortgages, loans and savings against investment banking that works in a risky fashion and takes huge gambles when investing their money. This would mean that commercial banking would be protected from collapsing with the government their to offer loan guarantees or nationalise any bank that went through extreme financial problems. Ultimately this would leave investment banks alone and mean that while we cant and probably should not stop this form of banking we can say that we will not offer you financial support or nationalise you if your company gets into financial difficulties. These proposals would have the effect of both cutting banks down to size and answering the too big to fail problem and to ensure that banks on the high street focus purely on that they were intended for, to offer mortgages, loans and savings to people not take massive risks with peoples money.

We should look to introduce a Tobin Tax on international financial transactions that would act both as a counterweight to currency speculators and against short term speculating and to raise revenue that would be used to help the third world fight poverty, disease and assist in state rebuilding. This tax would also be used to help the fight against global warming and climate change, mainly focusing on helping developing nations introduce new technology and resources that they would be unable to afford otherwise. Finally such a tax could be used to pay off the public debt that has been created as a result of both saving the baking system from collapse and re-inflating the economy.