Forum Post: Main stream media supports Glass Steagall!!
Posted 12 years ago on July 30, 2012, 10:22 a.m. EST by arturo
(3169)
from Shanghai, Shanghai
This content is user submitted and not an official statement
A major turn-around is emerging from some of the previously staunch opponents of Glass-Steagall bank separation. These shifts are no accident: People are getting the point that without Glass-Steagall there is no alternative to hyperinflation. What first took hold in London:
http://larouchepac.com/larouche/response-to-britain
when a group of senior bankers used the revelations of the LIBOR scandal:
http://larouchepac.com/package/libor
to thrust Glass-Steagall into public debate, is now sweeping through the US in the wake of Sanford Weill's "epic conversion."
Here is a run down of recent editorials for Glass-Steagall:
Financial Times on Sandy Weill's Damascus Road Conversion http://larouchepac.com/node/23478
Los Angeles Times: We Need Glass-Steagall, Not Volcker Rule http://larouchepac.com/node/23477
Crisis Also Converts The New York Times: Editorial for Glass-Steagall http://larouchepac.com/node/23476
American Banker Magazine Says Weill's Call Rivets Washington, LaRouche's Glass-Steagall No Longer "Marginal" http://larouchepac.com/node/23480
Finance Watch Publishes List of Bankers for Bank Separation http://larouchepac.com/node/23479
Spitzer: Weill Finally Got It Right, Even If He Is To Blame http://larouchepac.com/node/23488
LaRouche PAC is in the midst of a two-week mobilization to get the first steps of a national program for recovery underway. The challenge now is ensuring the entirety of that three-fold program is grasped as a unit.
Good! I can't wait until these supposed "anarchists" are irrelevant.
They aren't in favor of it, they need an umbrella because there is a shit storm brewing. They can no longer deny what is coming, not even to themselves. They also know that when it comes, if deposit accounts are left open to Wall Street, the entire nation will be broke and then who will buy their shitty products or pay to see those pretty faces on TV? No, this is not people coming to their senses, it's a mob of panicking aristocrats. Fuck Glass Steagall, let it fall and We The People will rebuild it. This time, we're keeping the profits.
Hehehe! Hold on to your shorts! Its coming, and MAN its gonna' be HUGE!!
Imagine if we had just let it crash in 08. We would be 4 years into a real recovery, the ones that caused it would be (at least temporarily) financially crushed, and there would be a sense of hope.
Instead we all know the cliff is much bigger now and we seem to be speeding up towards it.
They violated the spirit in which they were bailed out, kept on foreclosing with impunity, taking their bonuses and not extending credit,
The government should refi everyone who still has a home at 0 percent up to 180,loo dollars. The bailout money amounted to 800,000 per job created, it was reported. Bonuses of ileagle bankers should be retroactively deducted from their bank accounts to the us treasury, and not forgiven in bankruptcy. Thievery does not pay, so I've been told,
Absolutely agree. Besides, they've probably figured out a way to profit off the breakup, if it ever happens. They're some wily fucking bastards.
Fuck your delusions.