A bill to reinstate Glass-Steagall was introduced this session and received zero press coverage. I guess the Super Bowl or what some psychotic drug induced killer does is more important than the financial state of our nation… For those that care here’s the meat and potatoes below.
Now before you call me a commie or say that I side with communist ideas you have to understand that providing a link to LaRouche Pac is not an endorsement for anything on that website other than the subject of reinstating Glass-Steagall in order to bring financial responsibility to the banking industry and stabilize the economy of the United States. Now if you take this link it and read the text it provides the basic understanding behind the law http://larouchepac.com/glass-steagall
Here is the link to HR 129 which appears to have not left the House Financial Services Committee. My prediction is that this bill will not receive any media attention and that all the dim wits running the circus in Washington D.C. will not take notice either.
Our country deserves this bill and really needs to pass this so that we can stabilize our banking industry and remove the concept of government backed banks which are too big to fail when they engage in poor business practice at taxpayer expense.