1) Repeal FSMA (ie reinstate Glass-Steagall). This was a huge mistake (done at the behest of Citi) and exposed our system to the enormous risks that we saw in 2008.

2) Repeal CFMA (and then regulate/require reserves) for CDS and derivatives. The idea that you can insure a $100 million bond for $1 billion dollars is absurd.

3) Put the old leverage ratios back in place. THe SEC messed up big in 2005 by removing the old 12x cap on Lehman, Bear, Merrill, Morgan, and Goldman.

Those three things would go along way towards reducing risk and returning our banking system to a sound and level playing field that would reduce exposure to taxpayers.