NEWS COVERAGE OF HARKIN'S INTRODUCTION
OF S 985, CITING LAROUCHE,SPREADS WIDELY
May 19 (LPAC)--News coverage of Senator
Tom Harkin's introduction of Senate Bill 985, calling for the reinstatement of
Glass-Steagall, introduced on May 16, the 80th anniversary of the passage of
the original FDR Glass-Steagall law, has been posted on numerous websites
across the country during the past 48 hours.
The Project
Avalon Forum reproduces in full the LPAC press release on Harkin's introduction
of the bill, and has the YouTube version of the May 17 LPAC TV news coverage of
the Harkin bill, with Leandra Bernstein, so that all one has to do is click on
the arrow that activates the show. The News.Silobuster.com website also has a similar
link to the LPAC show.
The Exchange Gold for Cash.com website features the May 17 LPAC press release in
full.
The very
good story that appeared in the May 17 Examiner,
"Bankster Alert: Tom Harkin Introduces Glass-Steagall Bill in
Senate," which article directly states "Lyndon LaRouche, an economist
and former presidential candidate applauded Harkin on Thursday [May 16],"
and otherwise uses information extensively from LPAC's press releases on the
fight for Glass-Steagall, is reproduced in full on the Topix.com and the Ed
Steer websites.
These
postings are updated with what Lyndon LaRouche, talking about the Harkin bill,
told associates on May 18, "I imagine there's a certain amount of optimism
that has been stirred up by these developments... This is going to be an
epidemic. Unless something changes, there can be very radical changes very
suddenly." [ref]
ARTICLE ASSERTS "MIDDLE CLASS HAS
TO BECOME OBSESSED" WITH PASSAGE OF GLASS-STEAGALL
May 17 (LPAC)--Under the title,
"Until We Restore Glass-Steagall, More Big Bank Bailouts Are
Inevitable," the May 18 Eclecta Blog,
which describes itself as "Progressive News and Commentary," promotes
the urgent adoption of Glass-Steagall, which cause, it says, must become an
"obsession" of the population.
The article
states, "Attorney General Eric Holder made actually some news this week:
... he told the House Judiciary committee that big banks are not too big to
jail. He was willing to criminally prosecute the nation's largest banks, though
he hasn't done so since the financial crisis.
"`Let
me be very, very, very clear banks are not too big to jail,' Holder added.
"This
is a small relief because the fact remains that the big banks are bigger than
ever,...
"Since
the 1930s, Glass-Steagall prevented another depression by separating investment
and commercial banks by law. In 1999, conservatives passed and Bill Clinton
signed a repeal of this crucial New Deal reform. You know what happened less
than a decade later.
"Not
restoring Glass-Steagall after the financial crisis is like sending the Space
Shuttle up with the same flawed O-rings the Challenger had.
After it
dismisses the Brown-Vitter bill, the article asserts, "This is an issue
the middle class has to become obsessed with and not just because the big banks
are getting an $83 billion implied taxpayer subsidy, and not because another
crisis will lead to trillions more in debt that the right will use to justify
gutting our social safety net. The fact that we cannot fix this glaring
injustice, this obvious flaw in our economy, is the worst symptom of a sick
political system."
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