Post Tagged with: "Glass-Steagall"

Former Fed Chairman Alan Greenspan

Fixing Responsibility for the 2008 Collapse

A review by Nancy Spannaus Market Rules: Bankers, Presidents, and the Origins of the Great Recession Mark H. Rose University of Pennsylvania Press, Philadelphia, PA., 2019, 258 pp. April 17, 2019—Call me a populist if you will, but I cannot discuss the financial blowout of 2008 without holding responsible those […]

by April 17, 2019 Commentary, Review
An Unhealthy Economy Makes Unhappy Americans

An Unhealthy Economy Makes Unhappy Americans

By Angela Vullo April 17, 2019–The U.S. Declaration of Independence states that Americans are committed to achieving “life, liberty, and the pursuit of happiness.”  Somewhere along the line that commitment has been lost. As the horrific increase in deaths of despair dramatizes, a large segment of Americans today are, frankly, […]

by April 17, 2019 Commentary
Rep. Marcy Kaptur introducing her Glass-Steagall bill in the last Congress.

Kaptur Re-introduces Glass-Steagall Bill

April 10, 2019—The following press release was issued by Rep. Marcy Kaptur (D-Ohio) yesterday. It puts back on the Congressional agenda one of the urgent actions required to curb Wall Street speculation, and put the United States back on the path of the American System. The Bill number is HR […]

by April 10, 2019 Glass-Steagall, News
New Alabama Resolution for Glass-Steagall, National Banking

New Alabama Resolution for Glass-Steagall, National Banking

April 5, 2019—Rep. Thomas Jackson has introduced House Joint Resolution 60 to the Alabama House of Representatives, in pursuit of “urging Congress to support efforts to reinstate the separation of commercial and investment banking functions and to return to national banking policies.” The Resolution was sent to the Alabama State […]

by April 5, 2019 News Shorts
Citibank's offices at Canary Wharf in London (dreamstime)

Mega-banks Report on Their Mega-Speculation

April 2, 2019–The end-of-year reporting by the Wall Street mega-banks on their exposure to risk should be setting off alarms on Capitol Hill and beyond. Of particular concern are the figures on speculation in derivatives contained in the annual reports which the banks (among other publicly traded companies) have to […]

by April 2, 2019 Glass-Steagall, News Shorts
American Recovery Resolution Introduced in North Carolina

American Recovery Resolution Introduced in North Carolina

March 7, 2019—Rep. Shelly Willingham (D-Martin) introduced a “joint resolution urging Congress to enact without delay an “American Economic Recovery Program” into the North Carolina State Legislature on Feb. 17. House Joint Resolution 190 has five cosponsors and has been referred to the Banking Committee as the first step. The […]

Australian Senator Pauline Hanson

Australian Senator Moves for Breaking Up the Banks

Feb. 15, 2019—The issue of Glass-Steagall-style separation of the too-big-to-fail (TBTF) banks is once again before the Australian Parliament. On February 12, One Nation leader Senator Pauline Hanson introduced the Banking System Reform (Separation of Banks) Bill 2019 into the Australian Senate. Her motion was as follows: “That the following bill be […]

by February 15, 2019 News Shorts
Congressman Jones at a press event in 2015

In Memoriam for Congressman Walter B. Jones

By Nancy Spannaus Feb. 13, 2019–The U.S. Congress lost one of its most honorable members on February 10, when Congressman Walter B. Jones, who represented Eastern North Carolina in Congress for 34 years, died in Greenville. While elected as a Republican, Jones was well-known as an independent voice, who was […]

by February 13, 2019 News
The Hoover Dam, completed during FDR's presidency, was a huge boon to the state of Arizona by providing electricity and water . (Bureau of Reclamation)

Arizona Legislators Join Drive for National Infrastructure Bank

Feb. 5, 2019—On Feb. 4, a group of Arizona legislators, led by State Senator Juan Mendez, joined the national movement to get Congress to reimpose Glass-Steagall and establish a Hamiltonian National Infrastructure Bank. SM1001, a “Memorial urging Congress to reinstate portions of the Glass-Steagall Act and to support national banking […]

by February 5, 2019 Infrastructure, News
This dam at Lake Marion, South Carolina, was built by the WPA as part of rural electrication.

South Carolina Reps Pass Memorial for an American Recovery Program

Jan. 28, 2019—On Jan 22 the South Carolina House of Representatives became the first state legislature in 2019 to pass a resolution calling for Congress to establish a National Infrastructure Bank. The proposed Bank, modelled on the successful national banking systems of Alexander Hamilton, John Quincy Adams, Abraham Lincoln, and […]

by January 28, 2019 News