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Forum Post: Senate candidate runs on single issue of Glass Steagall

Posted 6 years ago on Feb. 24, 2012, 7:35 a.m. EST by arturo (3169) from Shanghai, Shanghai
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1st Glass-Steagall

As your U.S. Senator I would introduce Representative Marcy Kaptur’s [OH-9] House Resolution H.R. 1489 in the U.S. Senate. H.R. 1489 is the anti Wall Street greed legislation. It would revive the separation between Commercial Banking (checking, savings, and business loans) and Investment Banking (speculation). The Glass-Steagall Act (1933-1999) would be reinstated and it would separate legitimate liabilities from gambling debt; Glass-Steagall would separate real assets from factious assets, (derivatives) in our banking system.

2nd Hamiltonian Credit System

After Glass-Steagall bankruptcy reorganization our banks will have too few real assets remaining and would have to be re-capitalized. I will vote to reestablish the Hamiltonian Credit System, a Third National Bank.

3rd NAWAPA Infrastructure

The proposed 1960’s North American Water and Power Alliance was never funded. NAWAPA is a ten year infrastructure project that’s large enough to be an economic driver. With a Glass-Steagall financial system and a Hamiltonian Credit System it would be possible to start the NAWAPA, economic driver project.



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[-] 1 points by debndan (1145) 6 years ago

Gotta love Marcy, always looking out for what's right, too bad the only way the repubs could beat her or dennis K. was to combine their districts

A thin district that stretches from toledo to cleveland? I mean, come on.

But at least it looks like we might be able to get a new Marcy in our district, hope the old marcy wins over dennis next month.

[-] 0 points by XenuLives (1645) from Charlotte, NC 6 years ago

Love the platform, hate the website. Someone hire a competent web designer for this guy, stat!