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.

Harlem Needs Action on the Banks

The crash is on again. The problem is not just Greece and the Euro. The geezer is right, the system needs to be replaced and Glass-Steagall the separation of bank deposits from the investment casino has been introduced as a bill into the US Senate. That is the McCain (R- Arizona) Cantwell (D- Washington) bill. This will separate out the goats from the patriots, and make Obama choose sanity or evil. The 1,000 point sudden drop in the stock market (Dow and other markets) on Thursday showed how insane this has become now.

The economy needs help Harlem, with the need for Federal credit and lots of infrastructure, construction and other jobs. But, before that we have to end the gambling casino game. The game must die, of derivatives, side bets and options and poptions.