Glass-Steagall

National Webinar on Glass-Steagall to be Held September 26

National Webinar on Glass-Steagall to be Held September 26

Sept. 25—Our Revolution, the successor organization to Bernie Sanders’ presidential campaign, has announced that there will be a national webinar at 1 pm Eastern Time on September 26, devoted to motivating immediate action to pass Glass-Steagall legislation now pending before Congress. The event will be accessible to citizens all around […]

by September 25, 2017 Glass-Steagall, News
The Opportunity for an FDR Shift

The Opportunity for an FDR Shift

By Nancy Spannaus Sept. 9—Those millions of Americans who voted in last fall’s presidential election for a shift from the Wall Street policies which have crushed them over the last 16 years, have every reason to believe they have been betrayed big time over the last eight months. The Democratic […]

Where the Big Six U.S. megabanks are spending their money: derivatives gambling.

FDIC Vice-Chair Blasts Wall St’s Failure to Invest in the Economy; The Next Step Should Be Glass-Steagall

“Government by organized money is just as dangerous as Government by an organized mob.”—Franklin Delano Roosevelt, 1935 or 1936 Aug. 8, 2017—Wall Street speculators have taken two verbal hits this week. That’s all fine and good, but what’s lacking is effective action to protect the U.S. banking system from an […]

by August 9, 2017 Glass-Steagall, News
The use of deadly opioids is driving down U.S. life expectancy.

Opioid Emergency Demands FDR-Style Measures Now

By Nancy Spannaus Aug. 8, 2017–“With approximately 142 Americans dying [from overdoses of either prescription opioids or street opioids] every day, America is enduring a death toll equal to September 11th every three weeks.” With that statement, President Trump’s Commission on Combating Drug Addiction and the Opioid Crisis in its […]

by August 8, 2017 Features, Glass-Steagall
State Budget Crises: The Latest Examples of a Collapsing Economy

State Budget Crises: The Latest Examples of a Collapsing Economy

By Angela Vullo July 6, 2017–Another nail was driven into the coffin of the myth of the so-called national economic recovery on June 30 when 11 states announced they would have a heck of a problem in balancing their budgets. State governments are mandated to have a balanced budget by […]

by July 7, 2017 Glass-Steagall, News
The Fed is Lying: Glass-Steagall Is a Necessity Now

The Fed is Lying: Glass-Steagall Is a Necessity Now

“I’m Shocked, Shocked to Find There’s Gambling Going On Here” —From the movie Casablanca“ July 4, 2017—The Federal Reserve put out the word on June 26, claiming that all the major banks in the United States had passed their “stress tests,” and thus demonstrated that they could weather a severe […]

by July 5, 2017 Glass-Steagall
Public Citizen Hosts Rep. Kaptur on Glass-Steagall

Public Citizen Hosts Rep. Kaptur on Glass-Steagall

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 […]

by June 21, 2017 Glass-Steagall, News

Credit Union Leaders Issue an Alert on Glass-Steagall Debate

  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 […]

by June 20, 2017 Glass-Steagall, News
“Congress Must Not Wait–The Chance to Restore Glass-Steagall Is Now”

“Congress Must Not Wait–The Chance to Restore Glass-Steagall Is Now”

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 […]

by June 16, 2017 Glass-Steagall, News

Glass-Steagall Advocates Press Their Case

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 June 16, 2017 Glass-Steagall