Iceland Introduces Glass-Steagall

[GlassSteagallfan]

August 3, 2012 • 2:58PM

In the wake of the LaRouchePAC mobilization for the U.S. Congress to pass Glass-Steagall legislation, Iceland has introduced Glass-Steagall legislation into the parliament. According to an article by Omar R. Valdimarsson, on Businessweek.com: "The Icelandic lawmaker who presented the motion, Alfheidur Ingadottir, says the best way to stop banks creating asset bubbles is to pass laws akin to the 1933 Glass-Steagall Act, which separated commercial and investment banking in the U.S. for more than six decades."

The article referenced the fact that Glass-Steagall has been gaining international traction, citing the recent case of the conversion of Sandy Weill, from the "shatterer of Glass-Steagall," to a leading advocate. LaRouchePAC has been the leading the international mobilization for Glass-Steagall, which mobilization has been echoed by a slew of international statements of endorsement, including a string of recent editorials.

The Businessweek article quotes the CEO of Straumur Investment Bank hf Petur Einarsson: “If commercial and investment banking aren’t separated now, we might have to wait a long while before such an opportunity presents itself again...”

Source: http://larouchepac.com/node/23549

[Kindred]

Now all that needs to happen is for it to RE-instituted here in the US! The Sooner, the Better.

And, Better Yet... Get Rid of the Fed!

[Arpheus]

Like Aragorn use to say ther is always hope!!

[GlassSteagallfan]

Posted by Kindred (here)
Now all that needs to happen is for it to RE-instituted here in the US! The Sooner, the Better.

And, Better Yet... Get Rid of the Fed!

There is a full mobilization (by LaRouchePAC) to keep Congress in session until HR1489 comes up for a vote. After the passage of Glass Steagall, the Fed will be...

...just like throwing water on the wicked witch of the east!

Source: http://www.youtube.com/watch?v=j7GJcKuVGm8

[GoodeTXSG]

This is all starting to leak out to the main stream media... finally. We just need to KEEP THE HEAT on them. We will soon be posting new petition and email campaign info as well as protest ideas. We just need more people following this group and we can use resources from the Tea Party, Occupy and other groups. THEY win as long as they can keep us arguing with each other.
WE need to come together with people we wouldn't normally work with to bring these criminals DOWN! Spread the word, others have carried the load of exposing this activity. Now we the people NEED to come out and make it a major issue in the news and in this political cycle.
http://www.facebook.com/BankAndPolit...cialCorruption