Post Tagged with: "Glass-Steagall"

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
Delegate Sam Rasoul in 2014 (youtube)

Virginia Delegate Highlights the Issue of Poverty

Nov. 14, 2018—Delegate Sam Rasoul, who represents the 11th District in the Virginia House of Delegates, penned an oped in the Roanoke Times Nov. 11, in which he sought to direct attention to one of the fundamental economic crises facing the state, and implicitly the nation. Under the title “The […]

by November 14, 2018 News Shorts
Fed Chairman Jerome Powell at his swearing-in (federalreserve.gov)

Will the Fed Deregulate Us Into a New Major Crisis?

October 30, 2018—Tomorrow, according to an Oct. 29 report in the American Banker, the Federal Reserve Board of Governors is expected to take up the matter of implementing S. 2155, the major banking deregulation bill that was passed in the spring of this year. “Specifically, the Fed will unveil details […]

by October 30, 2018 News
Italian Minister Paolo Savona

FDR Tradition Alive and Well–in Italy!

Oct. 18, 2018—To the chagrin of the international financial institutions, the FDR tradition is showing itself to be alive and well in Italy. Most upsetting to the powers-that-be has been the Italian government’s determination to break the EU’s budget austerity rules, in the interest of fulfilling some of its promises […]

by October 18, 2018 News Shorts
FDR signing Glass-Steagall in June 1933.

Reinstating Glass-Steagall: A National Imperative

Sept. 28, 2018–The following memorandum, currently being used in Northern Virginia for mobilization in Congress, provides an updated summary of the necessity for the reinstatement. The legislation currently before the Congress has 8 sponsors in the Senate (down due to the death of Sen. John McCain), and 57 in the […]

by September 28, 2018 Features, Glass-Steagall
The Five Experts

Economic Experts: Put Wall Street Back in Its Box

By Nancy Spannaus Sept. 27, 2018—A blockbuster forum at the National Press Club last night brought together five economic experts to discuss the 2008 financial crash and what can be done to prevent a new one. Addressing the audience of approximately 100 people were: 1) Nomi Prins, former Wall Street […]

by September 27, 2018 News