Madoff And The Repeal Of Glass-Steagall

[tepstolog]

Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.

H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act

[MyImago]

End the Fed

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." - Napoleon Bonaparte, 1815

[pdaniels9000]

i agree that the fed has a lot of power and is too heavily influenced by special interests, but ending it completely would devastate the economy.

i think the solution you're looking for is to have more democratic control of the fed.