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US271 - Restore Glass-Steagall
| Restore the Glass-Steagall separation of depository commercial banks from speculative investment banks | |
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Description
Source: jillstein.org
Arguments
I couldn't agree more. Glass-Steagall protected us for 70 yrs, and less than 10 yrs after it's dismantling, the banks blew-up from their own greed. Hell, even the dismantlers (John Reed & Sandy Weill) say that Glass-Steagall should be reinstated.
http://billmoyers.com/2012/07/26/sandy-weill-says-big-banks-should-split-up/
http://billmoyers.com/segment/john-reed-on-big-banks-power-and-influence/
http://billmoyers.com/episode/encore-how-big-banks-are-rewriting-the-rules-of-our-economy/
BTW Dr Stein, I just watched your address (http://www.jillstein.org/video_green_new_deal) and loved it. You have a clear insight of our current problems, and great ideas on how to move forward. Not one word did I disagree with. You also have my vote & support. Thank you for what you're doing :)
http://billmoyers.com/2012/07/26/sandy-weill-says-big-banks-should-split-up/
http://billmoyers.com/segment/john-reed-on-big-banks-power-and-influence/
http://billmoyers.com/episode/encore-how-big-banks-are-rewriting-the-rules-of-our-economy/
BTW Dr Stein, I just watched your address (http://www.jillstein.org/video_green_new_deal) and loved it. You have a clear insight of our current problems, and great ideas on how to move forward. Not one word did I disagree with. You also have my vote & support. Thank you for what you're doing :)
Shortly after she was first elected to Congress, at a time when both
parties were supporting de-regulation of the financial industry, Tammy
stood up for Wisconsin taxpayers. She voted against letting Wall
Street and the big banks write their own rules — one of only a handful
of members of Congress who voted no on repealing the Glass-Steagall Act.
The Glass-Steagall Act had been in place since the Great Depression and
kept banks from engaging in many of the risky practices that later led
to 2008 economic collapse, our nation’s worst recession since the Great
Depression.
Source: tammybaldwin.com
Source: tammybaldwin.com
Redesign the financial sector to invest in the productive economy, businesses trying to make products and offer new services, rather than this trading casino.
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