I have often wondered what the people of Germany were doing all the while Hitler was gaining power. Now I know. On June 26 Thomas Hoeing, vice chairman of the FDIC, and Sheila Bair, former FDIC chairman, were asked if they would recommend Glass-Steagall to Congress. Both answered in the affirmative. Hoenig stated that just a single big financial institution gets into trouble with the fed doing quantitative easing money printing and we see systematic meltdown as we had the last time - Congress will be asking for another tarp.