The first step in restoring the American and world economy, is the reinstatement of the original 1933 Glass-Steagall Act. Glass-Steagall would separate commercial from investment banking, and thereby bankrupt the criminal Wall Street speculators who are destroying the nation. It will immediately halt the onset of hyperinflation, remove government commitment from bailing out toxic debts, and overturn the murderous “bail-in” regime of the Dodd-Frank Act.
For the past four years, I have campaigned aggressively along with other LaRouche PAC volunteers nationwide for the full reinstatement of Glass-Steagall. These combined nationwide and international efforts have helped to organize 25 states to introduce legislation calling on their Representatives in Congress to introduce and pass a new Glass-Steagall Act; four of these states have passed resolutions. This mass organizing has recruited members of Congress from both parties to introduce mirroring legislation in both Houses (S. 1282 and H.R. 3711).
Discussion Rep. Andrea Boland on the Battle for Glass-Steagall