Reenacting Glass-Steagall will mean orchestrating the largest market crash in human history. We present six detailed steps that describe how we will clean up our banking system. Glass-Steagall is not the full recovery, it does not guarantee economic growth, but it is the first step forward--and it will ruin Wall Street.
President of the Detroit School Board, Lamar Lemmons III, joined LaRouchePAC in Washington, D.C. this week, increasing the pressure on Congress to get serious about reining in Wall Street by restoring Glass-Steagall before more cities throughout the nation find themselves where Detroit is today.
LaRouchePAC delegations and the LaRouchePAC Policy Committee report from Washington D.C. with an update on week two of an intensive campaign to push through Glass-Steagall this week.
This week's edition of LaRouchePAC in Action highlights the continuing fight between the City of London and Wall St. financial oligarchy, and the forces behind Glass-Steagall and the national credit system, led by the LaRouchePAC Policy Committee.
Lyndon LaRouche launched three critical flanks: 1. A new Pecora Commission must be convened; 2. We need a full expose of who in Congress actually belongs to Wall Street; 3. In the wake of what has come to light in the Detroit bankruptcy, we need a list of the crimes committed by Wall Street in each state.
The conditions now being experienced by the people of Detroit, as described vividly in this presentation, herald the future for the rest of the American people — unless Glass-Steagall is immediately restored and the true enemies of the United States recognized, and defeated.
At the beginning of this year there were a total of three Glass-Steagall bills introduced into the Congress, one into the Senate and two into the House. Barney Frank was key to the destruction of the two House bills as he has the power to allow them to come to the floor, or not, from his seat on the financial services committee. Barney is, frankly, a virtual traitor to the American people and will soon enjoy his retirement.