Forum Post: Demand the Restore of Glass Steagall 7 billion people now depend on this
Posted 13 years ago on Sept. 23, 2011, 1:27 p.m. EST by markdolden
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Occupy Wall Street there is a uniquely American solution to the nazis on wall street and london its called Glass Steagall. Glass Steagall is a bank reform that seperated commercial banking from speculation. Glass Steagall was law from 1933 to 1999. You must demand Glass Steagall be restored asap otherwise there won't be a America anymore.
There is a bill before congress right now called HR 1489 the return to prudent banking. This bill will restore the Glass Steagall firewall and shutdown wall street and london banks. Glass Steagall is a weapon to destroy wall street and london. Glass Steagall will cancel the 27 trillion and rising bailout and return that money to the United States government which will free the government to invest in the real economy
please visit these links for more info
http://www.larouchepac.com/glass-steagall http://www.larouchepac.com/node/18048 http://www.larouchepac.com/firewall
I totally agree with this kind of demand: The separation of commercial banking from investment banking. The Glass Steagall act was voted in in 1933 and placed some sane restrictions on finance and banking activities. These restrictions were eviscerated in 1999 under Clinton when he signed the Gramm–Leach–Bliley Act into law.
I propose that one of the primary demands be to reinstate this sanity, rolling back the Gramm–Leach–Bliley Act.
Learn more here: http://en.wikipedia.org/wiki/Glass-Steagall_Act http://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act