See, Victoria, there is a Santa Claus! Time to bring the bank down!!! "Senator Harkin’s action represents a major step forward in the fight to restore FDR’s Glass-Steagall, which the LaRouche political movement has been demanding since the fall of 2008, and which has taken on a head of steam among local constituency leaders, and even Congress over recent years. In 2010, the Senate was on the verge of passing an amendment to Dodd-Frank reinstituting Glass-Steagall standards of separating commercial and investment (gambling) banking. President Barack Obama and the Senate leadership refused to let the amendment come to a vote. Then, in the 112th Congress, a bill introduced by Rep. Kaptur (the same as the one today), garnered 84 cosponsors in the House, but was never able to be introduced into the Senate, due to opposition by Wall St. and cowardice. That bill garnered widespread support throughout the nation, including institutions such as the AFL-CIO, state labor organizations, and city councils. The current House bill was introduced by Kaptur and Jones on January 3, 2013, and has also rapidly gained support throughout the nation. As of this writing, Memorials demanding that Congress pass HR 129 have been introduced into 20 state legislatures, with much bipartisan support. Memorial resolutions have passed in four states: South Dakota (both houses); Maine (both houses); Indiana (house); and Alabama (house). More are on the way. In addition, city councils, the National Farmers Union, and dozens of state legislators have sent letters of support for the bill. So have leading political and economic figures from Western Europe, where many understand that the reinstatement of Glass-Steagall banking separation in the U.S. is the necessary first step to their escape from financial tyranny, which is leading to outright genocide in places such as Greece."
Posted on: Thu, 06 Jun 2013 08:47:05 +0000
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