Alan Demers of LaRouchePAC intervenes at a town hall meeting hosted by Rep. David Cicilline in Woonsocket, RI, telling the Congressman that we need a Congress that will look Wall Street in the eye and tell them their time has come, and that the Congress should not have recessed — to which, the Representative agreed.
Franklin Roosevelt's credit principle is presented, as expressed in his use of the Reconstruction Finance Corporation, which evolved from his broader plan to re-instate a credit system of economy, as was facilitated by the first and second Bank of the United States.
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.
Harley Schlanger interviewed Detroit School Board President Lamar Lemmons and Bill Roberts, member of the LPAC Policy Committee on Saturday, August 3, where both gave an update on the situation in Detroit, including the push by the banks to fast track the bankruptcy of the city.
An MP3 of the interview can be found here.
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.
With tonight’s downgrading of the US debt, the empire has made it clear they are going in for the kill. It is now more evident than ever: there is no other option but to pass Glass-Steagall and dump Obama