Presumptive Republican presidential candidate Mitt Romney showed what he's made of in an Aug. 21 interview with Time's Rick Stengel and Michael Crowley, when he launched into a dim-witted attack on Glass-Steagall:
"There are others who suggest, Well, let's go back to Glass-Steagall and separate commercial banking from investment banking. But interestingly, that was not a cause of the last crisis. Trying to solve problems that did not exist may be counterproductive," Romney said.
Lyndon LaRouche commented that Mitt Romney is either lying, or he's more stupid than I thought he was. Does he really think that the U.S. can survive without Glass-Steagall? This guy is brain-damaged, and should be placed somewhere safe where he doesn't spread the problem to children and others.
LaRouche was equally dismissive of anti-Glass-Steagall articles recently penned by former JPMorgan CEO William Harrison (he's either a liar or stupid — and he's probably not stupid, said LaRouche), and the University of Chicago-linked Frank Schell, writing in the pages of the American Spectator. Schell complained bitterly about how Glass-Steagall has "mass appeal," including in Congress and among some bankers.
What do you expect from someone associated with the University of Chicago? LaRouche commented.