The markets and the experts will be interpreting the full meaning of President Barack Obama's banking reform proposal for some time to come.
But for a good background on reform of the U.S. banking sector, including the landmark Glass-Steagall legislation, it's worth visiting New Deal 2.0, a blog from the Roosevelt Institute.
Financial engineer and blogger Mike Konczal says the White House has to do more than simply reinstitute what existed before.
"There's an argument that the old conflict between commercial and investment banking is gone, and that having these two types of business lines together creates stability for the firm itself. So the idea is to take the spirit of what has worked in the past and update it to new challenges, and in this sense I like to think of this as a "21st Century Glass-Steagall."
Read his full post at http://www.newdeal20.org/?p=7603