Control Capitalism

To the Editor of the SF Chronicle:

Now that free market capitalism has again failed the American people. It is time to enact legislation that restricts the activities of big financial firms.
The Reagan and Clinton administrations removed the depression era Glass-Teagal act which put watch-dogs on the machinations of Wall Street.
The United States economy will work better when we return to a controlled capitalist system which keeps the greedy from hurting the needy.