Posted 1 year ago on March 9, 2012, 11:17 a.m. EST by arturo
from Shanghai, Shanghai
This content is user submitted and not an official statement
After more than 23,000 Americans signed a petition on the White House website, calling for the reinstating of the Glass-Steagall standard of separation between commercial and investment banking, the White House — in the name of Brian Deese, Deputy Director of the National Economic Council — sent out a letter to all the signers, purportedly explaining its opposition. Such action is compliant with their rules, that once a petition gets a certain number of signatures, it must be answered.
At the same time, however, the White House used this action to expunge the Glass-Steagall petition from the list of active ones. In other words, we say no — so forget it.
Obama rejects the enactment of Glass Steagall, one the primary objectives of OWS. Shouldn't we seek his impeachment?