By Angela Vullo July 17, 2017–With federal and state budgets spiraling out of control, ever more desperate elected officials are totally befuddled as to how to pay for repairing and rebuilding the infrastructure which is collapsing all around them. The Trump administration has proposed privatization as the answer for fixing […]
By Nancy Spannaus July 11, 2017—As the U.S. Senate takes up the question of repealing Obamacare again this week, Americans can expect to be inundated with waves of facts, figures, and moralisms that will accelerate the conflict over this issue, but which provide no clear pathway to a solution to […]
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 […]
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 […]
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 […]
