Glass Steagall Bank Act is Urgent

The Glass Steagall Act on banking and limiting FDIC (Federal Deposit Insurance corporation) banking to checking and savings accounts is urgent.  It is being backed again by Sen. Eliz. Warren, John McCain, King of Maine, and Cantwell of Washington State.  We want it now.

Break Up the Banks or Else

Break up the banks is still the demand from Sen. Eliz. Warren, and also of course from Larouchepac

ore Prominent Glass-Steagall Coverage of Sen. Warren

November 29, 2013 • 8:00PM

Another prominent American columnist, Newsweek's Eleanor Clift, has weighed in supporting Elizabeth Warren and the promotion of Glass Steagall. In a Nov. 12 column that appeared in both Newsweek and The Daily Beast, longtime Washington fixture Clift reported on the Roosevelt Institute event where Warren assailed the too-big-to-fail banks and promoted her 21st Century Glass Steagall legislation. Clift noted that Warren's name has repeatedly surfaced in recent weeks as a possible candidate for the 2016 Democratic presidential nomination, and that, while her staff insist that she has no plans to run, it is giving her a further political spotlight from which to promote banking reform including Glass Steagall.
"A professor turned politician, she was among the first to sound the alarm bell on a runaway banking industry, and now she's using her seat on the Senate Banking Committee to warn of another 'too big to fail' crisis in the making." Clift went on to note that Warren "wants to reinstate the Glass-Steagall Act of 1933, a Depression-era piece of legislation pushed through by FDR that separated depository banking and investment banking." Clift noted that, while most sponsors of the bill are liberal Democrats, with the exception of John McCain, "the legislation does have Tea Party appeal. A companion bill in the House is titled 'Return to Prudent Banking Act of 2013." After paying lip service to Warren's support for Dodd-Frank, Clift noted that "she is the go-to person on banking regulations and the senator most feared by the banking industry."
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