President of International Federation of Professional and Technical Engineers Endorses Glass Steagall
September 3, 2011 • 3:17PM

On the eve of Congress's return to Washington, the national pressure for that errant body to take the decisive action to protect the nation from disintegration by implementing the FDR-era Glass-Steagall law, is visibly growing.

On Aug. 31, the President of the International Federation of Professional and Technical Engineers, Gregory Junemann, sent a letter to every member of Congress, asking them to introduce and support the passage of H.R. 1489, Ohio Democrat Marcy Kaptur's Return to Prudent Banking Act, which would reinstate FDR's principle of Glass-Steagall separation between commercial and investment banking. The letter was also sent to every local of the IFPTE.

The IFPTE, one of the constituent unions of the AFL-CIO, represents over 80,000 members in professional, technical, administrative, and associated occupations in the United States and Canada. The union's website says that "Our members work for Federal, public, and private employers, in occupations such as auditors, drafters/designers, engineers, judges, lawyers, researchers, scientists, and technicians, to name a few." The International apparently has a close relationship with the International Association of Machinists and Aerospace Workers, which was the first national union to throw its weight behind H.R. 1489. Since then, the national AFL-CIO has also endorsed the bill.