Would Glass-Steagall make things slightly better? Sure. But the next time someone says that it is the ultimate solution, think again.
A true classic of the straw-man form from Sorkin, here. He spends an entire column arguing against the people arguing for the return of Glass-Steagall. But then he concedes that the return of Glass-Steagall would actually be a good thing. He just doesn’t like people saying that it’s “the ultimate solution”. Except, he doesn’t name any such person. Grr.