Posted 7 years ago on Oct. 14, 2011, 7:24 p.m. EST by Howtodoit
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It's Time for a Million People March on Washington, D.C. to Reform Wall Street--Time to take back our Country from their Influence over OUR lawmakers! Here's how easily we can do it, a focused good start: Take away their powers "once again."
"We are here Congress because we want to REINSTATE the Glass-Steagall Act of 1933 http://www.investopedia.com/articles/03/071603.asp#axzz1aPEc3wX which saved our country from the Great Depression by preventing banks and insurance companies from merging and becoming large brokerage firms; instead of Banks and Insurance companies--can't we learn a history lesson here Congress? Btw, why did most of you vote for its repeal in 1999? http://www.counterpunch.org/2008/09/19/shattering-the-glass-steagall-act/
Furthermore, we also want you to CHANGE the Commodities Future Modernization Act of 2000 http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000 BACK to where it was before 2000, which since has deregulated energy markets and has allowed such scams as The Enron Loophole; whereas in the early 2000's Enron Corp. was charging 400 bucks plus for a kilowatt hour...They all when to jail for this. But, the Enron loophole is still not CLOSED, for example, allowing speculators to resell barrels of oil over and over again before it reaches the gas station owner. It's basically, legal gambling at our expense. What were those lawmakers thinking then? What are you thinking now? Either do the right thing, or you're part of 1%."
Why are oil prices high? The Enron Loophole
Rolling Stones Reporter: Truth about Goldman Sachs--how they have cornered the markets--basically, The Enron Loophole and the Repeal of Glass-Steagall Act in 1999. http://www.youtube.com/watch?v=waL5UxScgUw