By Nancy Spannaus* Oct. 14, 2020—The Oct. 2 release of Arthur Wilmarth’s new book calling for a new Glass-Steagall law is timely, and critical. Unfortunately, it is not clear that the relevant political figures are yet prepared to listen. Wilmarth’s book is entitled Taming the Megabanks: Why We Need a […]
Urgent Steps to Halt and Reverse the Onset of a New Dark Age By Angela Vullo March 13, 2020–Probably not since the onset of the 14th Century Dark Age has civilization been hit with the simultaneous spread of a killer disease along with the collapse of the global financial system. In […]
By Nancy Spannaus Oct. 13, 2019—If one is to take the actions of the Federal Reserve since Sept. 17 into account, the United States banking system (and perhaps the global one) has already entered into a new systemic crisis. The Fed is issuing tens of billions of dollars a day […]
June 6, 2019—Rep. Michael J. Skindell, a long-time Democratic representative from Ohio’s Cuyahoga County, has introduced a memorial resolution into the Ohio state legislature calling on Congress to pass a new Glass-Steagall law. The substance of House Concurrent Resolution 9 reads as follows: RESOLVED, That we, the members of the […]
Alabama House Passes Bank Resolution June 4, 2019—This spring Alabama became the third state where a memorial resolution in favor of a National Infrastructure Bank has been passed. The resolution, introduced by Rep. Thomas Jackson, was voted up in the legislature in early April. The resolution also calls for reinstatement […]
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 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, […]
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 […]
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 Nancy Spannaus April 5, 2021—I was very happy to see the recent article by Oren Cass of the American Compass, entitled “We’re Just Speculating Here…, The Rise of Wall Street and the Fall of American Investment.” In a lengthy footnoted piece, replete with informative graphics, Cass documents the ways […]
By Nancy Spannaus March 22, 2021—Over the last two days, two prominent advocates for Alexander Hamilton have come forward to defend Hamilton’s legacy as a visionary statesman, including against the charges that he was an “enslaver.” These important initiatives came from Douglas Hamilton, Hamilton’s fifth-great-grandson, who directly took on the […]
The Pathway to National Unity
By Nancy Spannaus Jan. 25, 2021—President Biden’s inaugural call for national unity, as the nation’s top priority, has been met with cynicism from all sides. Yet, his objective is not only correct, but urgent. The nation’s leadership must devise a pathway to national unity without delay. But what is the […]