Glass-Steagall Introduced in the Senate!

[GlassSteagallfan]

May 17, 2013 • 1:15PM

The U.S. Senate now has a companion Glass-Steagall bill! Sen. Tom Harkin (D-IO) introduced S. 985 (http://thomas.loc.gov/cgi-bin/bdquery/z?d113:S.985:) on May 16th. Call your senators today, contact LaRouchePAC (http://larouchepac.com/larouchepac.com/contact) for further marching orders. Distribute and email the press release. (http://larouchepac.com/node/26622)



http://www.youtube.com/watch?v=WFj1uDzmJ34

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Senator Harkin Introduces S. 985 To Reinstate Glass-Steagall
May 17, 2013 • 9:41AM


21468
Senator Tom Harkin

Yesterday, on the 80th anniversary of the introduction of the original 1933 Glass Steagall Act, Sen. Tom Harkin (D-IA) introduced Senate Bill 985 to reinstate Glass Steagall. While the full text of the Harkin bill has not yet been posted by the Library of Congress, the fact that there is now a Senate bill to reinstate full separation of commercial banking from all other brokerage and speculative activities is a dramatic development. The fight for Glass Steagall has now moved to a new level.

The introduction of S. 985 came the same day that the 20th state legislature introduced a resolution urging its Congressional delegation to support Glass Steagall reinstatement. This week, both Delaware and Illinois introduced such resolutions. In addition, the Regional Council of the Tuscany Region of Italy passed a resolution calling for "Banking and Legal Reform According to the Glass Steagall Act."

In the House of Representatives, Rep. Marcy Kaptur (D-OH) has already introduced H.R. 129 to reinstate Glass Steagall. Rep. Walter Jones (R-NC) was the initiating co-sponsor and there are now 62 sponsors and co-sponsors on the House bill.

Lyndon LaRouche today congratulated Sen. Harkin for introducing S. 985 in spite of massive counter-pressure from the Obama White House and the Senate leadership. "This is a very important new development," LaRouche declared. "It will have very significant impact for very obvious reasons. All of the efforts to suppress this action have been defeated. This is a new game. The agenda has changed. Despite all of the efforts to prevent this action, Sen. Harkin has taken the initiative. This is not yet a complete victory, but it shows that the situation is not as hopeless as the Senate Leader had hoped."

http://larouchepac.com/node/26622

[Lifebringer]

Lyndon LaRouche for some strange reason has a "dig" for this President. Prez said country needed to reinstate GlassSteigel on the 1st campaign trail. I was there and we gave him the marching orders in Sept O7 when he was in Iowa.

I don't know why he's so ill towards the Pres, and it's why I don't listen to LaRouche, until he can put away his vehemence and intolerance.

Good news about the senate bill S.985.
Just saying why wasn't he "tough on the President that had all this stuff repealed in the first place?
Silence of the lambs when it came to BUSH 1, 2, OR REAGAN?

[Tesla_WTC_Solution]

Obama was the first president to use the internet to engage the American populace, court them, and get elected.

I think LaRouche has taken the email/internet tack hoping to "keep up" with the pro-Obama talk.

Here is some evidence that he didn't care much for earlier presidents either:


EIR in 2007 ran an "investigative report" titled Vast Right-Wing Conspiracy At It Again, With a New Twist. It says:

Perhaps the only name that sends the VRWC gang more into orbit than either Bill and Hillary Clinton, is the name Lyndon LaRouche. The very same apparatus that waged a billion-dollar slander campaign against the President and the First Lady throughout much of the mid- and late 1990s, has an even longer track record of venomous slander and frame-up campaigns against LaRouche and his political movement. Of course, the reality is that it was the Bush-Cheney campaign, backed by the Scalia Supreme Court, that actually stole the 2000 election in Florida.[41]

In 2001, LaRouche said that rogue elements within the American military took part in, or planned, the September 11, 2001 attacks as part of a coup d'état.[42][43]



EIR published a book, George Bush: The Unauthorized Biography, by Webster Griffin Tarpley and Anton Chaitkin, in 1992, which said that "virtually all the Nazi trade with the United States was under the supervision of the Harriman-Bush interests",

and that "Bush’s family had already played a central role in financing and arming Adolf Hitler for his takeover of Germany; in financing and managing the buildup of Nazi war industries for the conquest of Europe and war against the U.S.A.; and in the development of Nazi genocide theories and racial propaganda, with their well-known results. [...]

The President’s family fortune was largely a result of the Hitler project. The powerful Anglo-American family associations, which later boosted him into the Central Intelligence Agency and up to the White House, were his father’s partners in the Hitler project."[60][61]

In 2006, The Larouche Political Action Committee and EIR published "FDR Defeated the Nazis, While Bushes Collaborated."

LaRouche blasted Rumsfeld, reminding him that it was President Franklin Delano Roosevelt who defeated Hitler and the Nazis, while many American right-wingers of the 1930s and ’40s were promoters of Mussolini, Hjalmar Schacht, and Hermann Goering. And among the extreme American Fascists and Nazis of the period, there were some who openly sympathized with Adolf Hitler, by intention or practice. “Let us not ignore the role of George Shultz, the man behind the Bush Presidency, the power of Vice President Cheney, and the promotion of Don Rumsfeld as Secretary of Defense. Even leading Republicans know Shultz to be an outright totalitarian, who has used the Bush Presidency to impose a ‘Pinochet Model’ of top-down dictatorship and radical free-market economics upon the United States. Shultz’s promotion of the privatization of war, on the SS model, has been backed,” LaRouche noted, “by Felix Rohatyn.”[62]

Some of them seem silly because of the urgent tone, but few of the emails I've gotten from LaRouche PAC have been based much in untruth.

The truth is, Americans don't have the sand to enact the hopes of this man.
No wonder he was a Communist.
Do you see any Americans taking up arms? LOL.
It's embarrassing to be outdone by a Marxist, isn't it?

[Kendall]

Great news! I am right there beside LaRouche on this one. Secondly, imho, this aint about Obozo or an axe to grind, its about theft.

[ThePythonicCow]

Just saying why wasn't he "tough on the President that had all this stuff repealed in the first place?
Silence of the lambs when it came to BUSH 1, 2, OR REAGAN?
You left out Bill Clinton, who incidentally was President in 1999, when the Gramm–Leach–Bliley Act of 1999 (http://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act) repealed the Glass–Steagall Act of 1933 (http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act). :)

[Lost Soul]

I'm all for it with some reservation. How are the derivative losses to be divided? BoA already transferred trillions onto its savings branch. Are we to eat that big Sh-t Sammich for them?What of those other 2 Big 2 Jail banks?

[GlassSteagallfan]

I'm all for it with some reservation. How are the derivative losses to be divided? BoA already transferred trillions onto its savings branch. Are we to eat that big Sh-t Sammich for them?What of those other 2 Big 2 Jail banks?

The derivatives get sent back to the creators - the banks. Most will vanish like a fart in the wind.

@lifebringer
Was wondering if this 'dig' has anything to do with being an imperial puppet, anti-gun, anti-constitution, pro-war or pro-banker? Otherwise, he's a good prez.

[GlassSteagallfan]

The Bush-Nazi-Harriman connection is part of the congressional record.