Articles by: Nancy Spannaus
June 21, 2017–Following the GOP’s stonewalling of discussion of Glass-Steagall over the past week, supporters of the Return to Prudent Banking Act (H.R. 790) in the House of Representatives have determined to take the fight to a broader level. Thus, on June 20, the lobbying group Public Citizen hosted the […]
June 20, 2017–Credit unions around the country are beginning to take notice of the Congressional debate on restoring Glass-Steagall. An article in the June 21st edition of the Credit Union Times by the CEOs of two credit unions issued a call for “credit unions, credit union leagues and our […]
June 16, 2017—Eighty-four years ago today, President Franklin Roosevelt capped off a marathon 100-day session of Congress with the signing of the Glass-Steagall Banking Bill. That bill, which was actively promoted by some powerful Wall Street bankers as well as the general public, was specifically aimed at providing for “the […]
June 15, 2017—Some Glass-Steagall advocates just won’t take `no’ for an answer. Among them are former Reagan Administration Assistant Treasury Secretary Paul Craig Roberts, and Democratic Representatives Marcy Kaptur (Ohio) and Tulsi Gabbard (Hawaii). On June 8 Roberts posted an article under the title “Without Glass-Steagall America Will Fail.” Roberts […]
By Nancy Spannaus Aug. 10, 2016—When President Franklin Delano Roosevelt took action within his first 100 days to control the U.S. economy from the marauding speculating bankers who had brought it to its knees, he knew that stopping financial crime was not going to be enough. Americans needed the opportunity […]
June 12–Efforts to revive the American System today are being led by the campaign to reinstate FDR’s Glass-Steagall law. The LaRouche Political Action Committee began to agitate for this measure in the fall of 2008, and by 2010 the drive had become an active issue in the U.S. Congress, at […]
Dear President Trump: Breaking Up (Banks) Isn’t So Hard to Do: Glass-Steagall or Another Economic Meltdown? By Nomi Prins (The following open letter was issued June 8, 2017.) Donald, listen, whatever you’ve done so far, whatever you’ve messed up, there’s one thing you could do that would make up for a […]
June 6, 2017,Washington, D.C. – Today, Congresswoman Marcy Kaptur (OH-09) and Congressman Walter Jones (NC-03) testified to the House Rules Committee on their bipartisan amendment to H.R. 10, the Financial CHOICE Act. The Kaptur-Jones amendment would have removed the bill’s current language, which takes America backward on Wall Street […]
By Nancy Spannaus Jan.11, 2021—Today marks the release of an invaluable video documenting the record of Treasury Secretary Alexander Hamilton’s opposition to slavery. Under the title “The Evidence for Hamilton against Slavery,” independent researcher Marianne Als beautifully synthesizes text, imagery, and music to support her argument that not only is […]
By Angela Vullo December 17, 2020–As Christmas 2020 approaches, images of the same time period in 1932 come to mind: unemployment lines, swamped food banks, eviction notices, and more. The images are only overshadowed by the staggering number of deaths and other effects of the current deadly pandemic. While the […]
Don’t Get Your History From Lin-Manuel Miranda’s “Hamilton”!
Hamilton: The Revolution Lin-Manuel Miranda and Jeremy McCarter Grand Central Publishing, 2016, 288 pages. By Nancy Spannaus It is quite possible, as great philosophers have pointed out, for a misguided or totally erroneous action to have positive consequences. So might be the case with Lin-Manuel Miranda’s smash Broadway hit “Hamilton.” […]