Archive: Support for HR1489

As of January 5th, HR1489 was renewed for the 113th Congress as HR-129 and the list of co-sponsors was 'reset.' This list only applies to HR1489 and does not apply to HR-129. This list is no longer updated. Click here for the current list of Co-Sponsors to HR-129

Congressional Co-Sponsors to Marcy Kaptur's HR1489. (By date of signing)
Click here to see this list organized by State.

(init.) Marcy Kaptur (D - OH)
James Moran (D-VA)
Walter Jones (R-NC)
John Conyers (D-MI), former Chair, current ranking member House Judiciary Committee, dean of Black Caucus
Jesse Jackson Jr. (D-IL)
Lynn Woolsey (D-CA), former Co-Chair Progressive Caucus
Jim McDermott (D-WA)
Louise McIntosh Slaughter (D-NY), ranking member House Committee on Rules
Edolphus Towns (D-NY), former Chairman of the House Oversight and Government Reform Committee
Maxine Waters (D-CA), former Chair of the Congressional Black Caucus
Marcia Fudge (D-OH)
Kurt Schrader (D-OR)
Danny Davis (D-IL)
Roscoe Bartlett (R-MD)
John Garamendi (D-CA)
Dennis Kucinich (D-OH)
Peter Visclosky (D-IN)
Jan Shakowsky (D-IL)
Barbara Lee (D-Ca), former Chair Congressional Black Caucus, former Co-Chair of the Progressive Caucus
Mike Coffman (R-CO)
George Miller (D-CA), former Chair, current ranking member Education and the Workforce Committee
Hansen Clarke (D-MI)
Fortney Pete Stark (D-Ca)
Michael Capuano (D-MA), ranking member U.S. House financial services Subcommittee on Oversight and Investigations
Rep. Charles Rangel (D-NY), former Chairman of the United States House Committee on Ways and Means
Rodney Alexander (R-LA)
Raul Grijalva (D-AZ), the Co-Chair of the Progressive Caucus
Daniel Lipinski (D-IL)
John F. Tierney (D-MA)
Donna Christensen (D-VI)
Al Green (D-TX)
Bob Filner (D-CA)
Tammy Baldwin(D-WI)
Peter Welch (D-VT)
John Olver (D-MA)
Larry Kissel (D-NC)
Yvette D. Clarke (D-NY)
Chellie Pingree (D-ME)
Michael H. Michaud (D-ME)
Henry C. "Hank" Johnson(D-GA)
Zoe Lofgren (D-CA)
Peter DeFazio (D-OR)
Keith Ellison (D-MN)
Rosa DeLauro (D-CT), House Democratic Steering and Policy Committee (Co-Chair for Steering)
Wm. Lacy Clay (D-MO)
Bennie G. Thompson (D-MS), ranking member Committee on Homeland Security
Loretta Sanchez (D-CA)
John Lewis (D-GA)
Tim Ryan (D-OH)
Collin Peterson (D-MN), ranking member of the Agriculture Committee
David Cicilline (D-RI)
Betty Sutton (D-OH)
Sheila Jackson Lee (D-TX)
Donald M. Payne (D-NJ) (* deceased)
Frederica Wilson (D-FL)
Frank Pallone, Jr. (D-NJ)
John A. Yarmuth (D-KY)
Michael F. Doyle, (D-PA)
Susan Davis (D-CA)
Dale Kildee (D-MI)
Edward J. Markey (D-MA)
Karen Bass (D-CA)
Eddie Bernice Johnson (D-TX)
Gene Green (D-TX)
Judy Chu (D-CA)
James McGovern (D-MA)
Paul Tonko (D-NY)
Mazie Hirono (D-HI)
Donna Edwards (D-MD)
Eni F.H. Faleomavaega (D-AS)
Silvestre Reyes (D-TX)
Jackie Speier (D-CA)
Bob Brady (D-PA)
Eleanor Holmes Norton (D-DC)
Maurice Hinchey (D-NY)
Tim Holden (D-PA)
Gregorio Sablan (D-MP)
Earl Blumenauer (D-OR)
Steven Rothman (D-NJ)
Janice Hahn (D-CA)
Elijah Cummings (D-MD)
Luis Gutierrez (D-IL)
Lloyd Doggett (D-TX)
Luis Gutierrez (D-IL)
Lloyd Doggett (D-TX)
Roybal-Allard, Lucille (D-CA)
Eshoo, Anna (D-CA)

Current List of Congressional Co-Sponsors Rep. Maurice Hinchey's H.R. 2451

(init.) Maurice Hinchey (D-NY)
John Conyers (D-MI)
Michael Capuano (D-MA)
Peter DeFazio (D-OR)
Jay Inslee (D-WA)
Lynn Woolsey (D-CA)

Further Congressional Support/Developments

June 20, 2012: Glass-Steagall Rings Through Congressional Malaise.
July 26, 2012: Rep. Pingree Calls for Glass-Steagall at House Agriculture Hearing on Swaps, Swindles, LIBOR and CFTC Regs.
September 17, 2012: Rep. Marcy Kaptur publishes an article in US News "Reinstate the Glass-Steagall Act: The economy should work for Americans, not just Wall Street CEOs"

Candidates that Support Glass-Steagall

Candidates Supporting Glass-Steagall

Institutional Support:

January 2011 --The Louisiana State Board of the National Association of Realtors passed a resolution calling for the reinstatement of Glass-Steagall, and demanded that the National Association of Realtors do the same.
March 2011 -- The National Farmers Union, at its March 13-15 National Convention in San Antonio, reaffirmed its spring 2010 call for the immediate reinstatement of Glass-Steagall.
May 2011 -- The International Association of Machinists, one of the largest unions in America, put the reinstatement of Glass-Steagall, specifically H.R. 1489, as a priority for their legislative agenda. For the resolution, click here
May 9, 2011 -- The Columbia Pacific Building Trades Council unanimously endorsed LPAC's resolution for Glass-Steagall.
May 11, 2011 -- The Northwest Oregon Labor Council unanimously endorsed LPAC's resolution for Glass-Steagall.
May 12, 2011 -- The Democratic Party of Multnomah County, Oregon--the country in which the state's largest city, Portland, is located--passed a resolution calling for the immediate reinstatement of Glass-Steagall.
June 14, 2011: The New Jersey state AFL-CIO has endorsed. It passed a unanimous voice vote before the state AFL-CIO convention. The resolution states that the national AFL-CIO supports this legislation.
June 16, 2011: TheGreater Louisville, KY, Building And Construction Trades Council, AFL-CIO, passed a resolution of support for H.R. 1489.
June 16, 2011: The Kentucky State I.B.E.W. Conference passed a resolution supporting the enactment of H.R. 1489 and calling on their Congressional delegations to cosponsor and vote for this bill.
June 22, 2011: The Rochester & Genesee Valley Area Labor Federation, AFL-CIO, endorsed the resolution in support of H.R. 1489 .
June 24, 2011: The Pennsylvania State Council of Machinists, endorsed the AFL-CIO resolution in support of H.R. 1489
June 24, 2011: The IBEW Local 575 of Portsmouth, Ohio endorsed the AFL-CIO resolution in support of H.R. 1489
June 28, 2011: Fox Valley Area Labor Council AFL-CIO, out of Wisconsin, endorses H.R.1489.
June 29, 2011: Wisconsin Alliance for Retired Americans, an AFL-CIO affiliated organization endorses H.R. 1489
June 30, 2011: King County Democratic Party Central Committee (Seattle, WA), endorses, along with H.R. 1489
June 30, 2011:Shawnee District AFL-CIO Council, Portsmouth, OH, endorses H.R. 1489 with a resolution.
July 7, 2011: The Executive Board of IBEW Local Union 715, located in Milwaukee, Wisconsin, pass a resolution for H.R. 1489.
July 7, 2011: The Washington State 30th Legislative District Democrat Committee passed a Glass Steagall resolution.
July 12, 2011: The Executive Board of the Wisconsin State Council of Machinists, an organization representing 70,000 members in Wisconsin, passed a resolution calling for enactment of H.R. 1489.
July 12, 2011: The Washington State 32nd Legislative District Democratic Committee passed a resolution for the reinstatement of Glass-Steagall.
July 13, 2011: Kentucky state AFL-CIO passed a resolution for H.R. 1489, becoming the second state AFL-CIO after New Jersey to do so.
July 18, 2011: The 33rd Legislative District of Washington State Democratic Committee passed a Glass-Steagall resolution for the H.R. 1489.
July 20, 2011: The 11th Legislative District of Washington State Democratic Committee passed a Glass Steagall resolution for H.R.1489.
July 20, 2011: The Northwest Washington Central Labor Council (AFL-CIO) passed a resolution endorsing the Glass-Steagall legislation in Congress.
July 20, 2011: The Washington State 5th Legislative District Democratic Committee passed a resolution for the reinstatement of Glass-Steagall.
July 21, 2011: The California Federation of Labor passed a resolution for the reinstatement of Glass Steagall.
July 28, 2011: The Washington State 31st Legislative District Democrats endorsed the Glass-Steagall legislation, passing the King County resolution.
July 28, 2011: The Wisconsin State AFL-CIO Executive Committee passed a resolution for Glass-Steagall.
August 2, 2011: The Washington State 2nd Legislative District Democrats endorsed the Glass-Steagall legislation.
August 3, 2011: IBEW Local 317, Huntington, West Virginia, passed an endorsement of HR 1489 to reinstate Glass Steagall.
August 4, 2011: The Grays Harbor Democratic Party passed a resolution in support of Glass-Steagall.
August 8, 2011: Iowa AFL-CIO's Hawkeye Labor Council passed a resolution in support of H.R. 1489 to reinstate Glass Steagall.
August 8, 2011: Minnesota AFL-CIO passes resolution in support of Glass-Steagall
August 10, 2011: The National AFL-CIO Endorses H.R.1489 for the Immediate Renewal of Glass-Steagall.
August 11, 2011: Dayton Miami Valley AFL-CIO Regional Labor Council Passed a Glass Steagall Resolution.
August 15, 2011: The Huntington, West Virginia, Southwestern District Labor Council, AFLCIO voted up a resolution of support for Glass Steagall.
August 15, 2011: Wisconsin Farmers Union endorses a return to Glass Steagall.
August 16, 2011: Local 521 of the Plumbers and Pipefitters, in West Virginia, passed a resolution in favor of 1489.
August 17, 2011: The 36th Legislative District Democrats passed a resolution endorsing Glass-Steagall.
August 23, 2011: The Greater Northwest Ohio AFLCIO passed a Glass Steagall Resolution.
August 30, 2011: LULAC, the League of United Latin American Citizens, has endorsed Glass Steagall.
August 30, 2011: In August a Farm Bureau local in Wyoming called for Repealing Dodd-Frank, Re-Instating Glass-Steagall.
September 7, 2011: The Iowa Federation of Labor Endorsed Glass Steagall.
September 7, 2011: The North Carolina State Machinists Council has endorsed Glass Steagall.
September 8, 2011: The North Carolina AFL-CIO passed resolution for Glass-Steagall, H.R. 1489
September 12, 2011: The West Virginia AFL-CIO endorsed a return to Glass Steagall with H.R. 1489
September 13, 2011: The Mason Jackson Roan Central Labor Council of the West Virginia AFL-CIO adopted a resolution supporting the enactment of HR 1489.
September 15, 2011: The Texas Harris County Democratic Party Passes Resolution in Support of H.R. 1489
September 17, 2011: a resolution endorsing Glass-Steagall was passed by the Louisiana State Central Democratic Committee
September 17, 2011: The Washington State Democratic Central Committee passed a resolution in support of a return to Glass Steagall.
September 19, 2011: The Mason Jackson Roane Central Labor Council of the West Virginia AFL-CIO passed resolution supporting H.R. 1489
September 20, 2011: The Lincoln County Wisconsin Board of Supervisors passed a resolution in support of HR1489.
September 28, 2011: The Central Ohio Labor Council passed a resolution supporting a return to H.R. 1489.
September 29, 2011: The Ohio State AFL-CIO passed the a resolution for Glass Steagall.
September, 2011: 43rd L.D. endorsement for H.R. 1489 in Washington State.
October 5, 2011: The Washington State 47th Legislative District Democrats unanimously passed a Glass Steagall resolution.
October 6, 2011: The Rhode Island Construction and Building Trades Council passed a resolution in support of H.R. 1489.
October 12, 2011: The International Brotherhood of Carpenters and Joiners Local 171 Youngstown Ohio passed a resolution in support of Glass Steagall.
October 14, 2011: A Glass Steagall resolution passed the Bell County Democratic Party Executive Committee in Texas unanimously
October 15, 2011: The Washington State 45th Legislative District Democrats passed a Glass Steagall resolution.
October 19, 2011: District Lodge 19 of the International Association of Machinists and Aerospace Workers (IAM) endorsed Rep. Marcy Kaptur's bill to reinstate FDR's Glass-Steagall law.
October 21, 2011: The Ohio State Association of Plumbers & Pipefitters passed a resolution for H.R. 1489.
October 26, 2011: The Alabama State AFL-CIO endorsed H.R. 1489.
November 19, 2011: The Legislation Committee of the California Democratic Party endorsed HR 1489, the Rep. Kaptur Glass-Steagall bill, as one of the pieces of federal legislation that the entire California Democratic Party has endorsed.
November 20, 2011: The Maryland State and District of Columbia AFLCIO endorsed Glass Steagall.
February 19, 2012: The Bullitt County, KY, Democratic Party Executive Committee passed a resolution for Glass Steagall, without dissenting vote.
February 15, 2012: The United Federation of Teachers, representing the 5 boroughs of New York City, passed a resolution endorsing Glass Steagall. The American Federation of Teachers had endorsed Glass Steagall late 2011.
April 21, 2012: The Louisiana Society of the Sons of the American Revolution passed a resolution in support of a return to Glass-Steagall
May 4, 2012: The International Union of Operating Engineers (IUOE) local 302 endorsed LPAC's Emergency Resolution on Glass-Steagall, national banking, and NAWAPA.
May 22, 2012: The International Union of Bricklayers and Allied Craftworkers endorsed Rep. Marcy Kaptur's H.R. 1489 "The Return to Prudent Banking Act" sending Rep. Kaptur a letter of support urging Glass-Steagall's reinstatement.
June 13, 2012: James Benham, President of the Indiana Farmers Union, wrote this week to the seven of Indiana's eight Congressmen who have yet to co-sponsor H.R. 1489, the bill to restore FDR's Glass-Steagall Act, urging them to get into action.
June 14, 2012: The Metropolitan Consortium of Community Developers have stated their support for H.R. 1489.
June 25, 2012: The International Association of Machinists and Aerospace Workers, Local Lodge. 1484 has passed a resolution calling for the enactment of H.R. 1489 and urges the members of the House and Senate from California to "co-sponsor and vote for this bill which will restore the protections of the Glass-Steagall Act".
June 26, 2012: The Democrats of King County, Washington voted to include a Glass-Steagall question on their 2012 Candidates Questionnaire and found that all 96 candidates polled were in support. Also, Glass-Steagall is a prominent issue in Washington State's Governor's campaign.
July 19, 2012: The International Federation of Professional & Technical Engineers, at their national convention, passes a resolution in support of H.R. 1489.
August 2, 2012: The California Farmers Union has written a letter in support of H.R. 1489 and Rep. Marcy Kaptur's leadership on introducing H.R. 1489 to reinstate Glass-Steagall.
August 15, 2012: The Building Trades Council of Northern Nevada Endorses NAWAPA XXI and H.R. 1489

Legislative Support:

June 2010: The Borough Council of Lansford, Pa. and the Council of Morgan Township both passed resolutions demanding their Congressmen re-enact Glass-Steagall.
September 2010: The Port Jervis, New York City Council passed LPAC's resolution for Glass-Steagall.
Fall 2010: Mansfield Township, New Jersey passed LPAC's resolution for Glass-Steagall.
May 24, 2011: The city council of Irvington, NJ passed a Glass-Steagall resolution.
June 13, 2011: The city council of Newton, NJ passed a Glass-Steagall resolution.
June 14, 2011: The city council of Elizabeth, NJ passed a Glass-Steagall resolution.
June 20, 2011: The City Council of the Boro of Ridgway, PA passed a resolution calling on Congress to pass H.R. 1489.
July 11, 2011: The Council of the Home Rule Borough of Edinboro, Pennsylvania passed a resolution in support of H.R. 1489.
July 12, 2011: The City Council of Harrisburg, Pennsylvania passed a resolution calling for Glass Steagall by a unanimous vote of 7 to 0.
July 14, 2011: The City Council of Conroe, Texas passed a resolution supporting Glass-Steagall.
July 18, 2011: TheBorough of Berwick, PA, a town of 10,000, passed the Glass-Steagall resolution.
July 19, 2011: The Borough of Ambler, Pennsylvania passed the Glass-Steagall resolution.
August 8, 2011: Portsmouth, Ohio City Council passes Glass-Steagall resolution.
September 6, 2011: City Council of Parma, Ohio Passes Resolution for H.R. 1489.
October 3, 2011: City of Lorain, Ohio passed a resolution for the reinstatement of Glass Steagall through the enactment of H.R. 1489.
October 6, 2011: The City Council of Ranson, West Virginia unanimously passed a resolution for the reinstatement of Glass Steagall through H.R. 1489.
October 6, 2011: The Middlesex County (NJ) Board of Chosen Freeholders unanimously passed a Glass Steagll resolution.
October 18, 2011: The Common Council of the City of Buffalo, NY, passed a resolution "Urging Congress to enact the 'Return to Prudent Banking Act of 2011' (H.R. 1489) as quickly as possible."
November 6, 2011: Middlesex County, NJ passed a resolution to "Urge Congress to Enact 'Return to Prudent Banking Act of 2011' (H.R. 1489) as quickly as possible".
November 15, 2011: The Board of Chosen Freeholders County of Hudson passed a resolution "Urging Congress to Enact 'Return to Prudent Banking Act' (H.R. 1489)".
November 29, 2011: The Madison, Wisconsin City Council passed a resolution in favor of H.R. 1489.
December 14, 2011: The Essex County, NJ, Board of Freeholders passed a resolution in support of H.R. 1489.
May , 2012: The Morgan Township in Greene County, Pennsylvania passed LPAC's Emergency Resolution on Glass-Steagall, national banking, and NAWAPA.
May 21, 2012: The Gilmore Township Board of Supervisors, also in Greene County Pennsylvania, passed the LPAC resolution on Glass Steagall, national banking, and NAWAPA.
May 29, 2012 - Wayne Township Board of Supervisors in Greene County, Pennsylvania has endorsed the LPAC resolution.
June 1, 2012 - The King Township Board of Supervisors in Bedford County, Pennsylvania endorsed the LPAC resolution on Glass-Steagall, national banking and NAWAPA.
June 4, 2012 - Cumberland Township Board of Supervisors in Greene County, Pennsylvannia endorsed the LPAC resolution.
June 4, 2012 - Center Township Board of Supervisors in Indiana County, Pennsylvannia endorsed the LPAC resolution.
June 6, 2012 - The Coolspring Township Board of Supervisors in Mercer County, Pennsylvania unanimously endorsed LPAC's emergency resolution.
June 7, 2012 - The Middletown Township Board of Supervisors in Susquehanna County, Pennsylvania voted 5-0 in support of the LPAC resolution.
June 12, 2012 - Rome Township Board of Supervisors in Crawford County, Pennsylvania, passed the LPAC emergency resolution.
June 11, 2012 - South Union Township of Fayette County, Pennsylvania endorsed the complete LaRouchePAC emergency resolution to restore Glass-Steagall, build NAWAPA XXI and restore the system of public credit.
June 13, 2012 - Factoryville Board of Supervisors, in Clinton Township, Wyoming County, Pennsylvania, voted up and passed the LPAC emergency resolution.
June 14, 2012 - Meshoppen Township Board of Supervisors in Wyoming County, Pennsylvania has endorsed the LPAC emergency resolution.
July 9, 2012 - Slippery Rock Township Board of Supervisors in Lawrence County, Pennsylvania has endorsed the LPAC emergency resolution.
July 9, 2012 - Lackawannock Township Board of Supervisors in Mercer County, Pennsylvania has endorsed the LPAC emergency resolution.
July 17, 2012 - A 17th Pennsylvania municipality has endorsed the restoration of Glass-Steagall through HR 1489. After two months of debate, the Loyalsock Township Board of Supervisors in Lycoming County (north-central PA), passed a resolution, adopting language from a draft resolution circulated by LaRouchePAC, to endorse HR 1489, and a "restoration of the U.S. System of Public Credit to assist in public infrastructure projects."
July 18, 2012 - Jersey City, the second largest city in New Jersey with a population of 247,000, passed a resolution in support of H.R. 1489 to reinstate Glass-Steagall.
July 19th - The Rush Township Board of Supervisors in Schuylkill County, PA (the 17th CD of Rep. Tim Holden) became the 18th Pennsylvannia municipality to endorse the LaRouche PAC Glass-Steagall/NAWAPA XXI emergency resolution.
July 12, 2012 - The Borough of Carteret, NJ passed a resolution in support of H. R. 1489, at the motion of the city's mayor, Daniel Reiman.
July 24, 2012 - Monroe Township of Snyder County, PA became the 18th Pennsylvania municipality to endorse Glass-Steagall.
August 8th, 2012 - The Council of the City of Perth Amboy, NJ passed a resolution urging Congress to enact H.R. 1489, "The Return to Prudent Banking Act."

Resolutions Introduced:

February 11, 2011 -- Kentucky State Senator Perry Clark (D) introduced a resolution calling on Congress to immediate reinstate Glass-Steagall.
March 17, 2011 -- Missouri State Rep. Bert Atkins (D-St. Louis County) introduced HCR 49, a concurrent resolution calling for Congress to reinstate Glass-Steagall.
March 24, 2011 -- Alabama Rep. Tom Jackson (D) introduced H.R. 190, a resolution urging Congress to reinstate Glass-Steagall.
June 4, 2012 -- Councilman Daniel Johnson (Louisville, KY) reintroduced a resolution urging Congress to pass Marcy Kaptur's bill H.R. 1489.
June 28, 2012 -- Kentucky State Senator Perry Clark Renews Fight for Glass-Steagall.

Editorial Support:

The Fairbanks, Alaska Daily News Miner, in June 2010.
The Bangor, Maine Bangor Daily News in June 2010.
The Pittsburgh Tribune-Review, the flagship paper of Richard Mellon-Scaife, on November 22, 2010.
The Mitchell Daily Republic, in South Dakota, published an op-ed by Ron Wieczorek calling for Glass-Steagall, on July 2, 2011.
The Salt Lake Tribune, oldest and largest newspaper in Salt Lake City, published a strong, unsigned editorial on August 16 calling on Congress to restore the Glass-Steagall Act.
Former Securities and Exchange Commission Chief Arthur Levitt, made the point on the Bloomberg Surveillance "Econochat" Show with Tom Keene on May 31, 2012 that Glass-Steagall will work, where Dodd-Frank and the Volcker Rule will not.
Rich Elfters, columnist for Enumclaw (WA) Courier Herald, called for reinstating Glass-Steagall in a June 4, 2012 column.
During Bloomberg TV's June 5th, 2012 interview with former Treasury TARP Inspector General Neil Barofsky and Bail Out Nation author Barry Ritholz, both stated their support of the Glass-Steagall principle.
Economist Joe Stiglitz, interviewed on NPR's "Fresh Air" on June 5, 2012 cited the repeal of Glass-Steagall as a major cause of the financial crisis.
On June 6th, 2012 CBS Moneywatch posted an article my Larry Swedroe "Too Big to Fail is Simply Too Big" which states "With that said, restoring the Glass-Steagall Act should be a priority."
An op-ed in the June 10, 2012 edition of Financial Times calls for a return to Glass-Steagall under the title "Why I Was Won Over By Glass-Steagall".
On June 10, 2012 Former Kansas City Fed chairman Thomas Hoenig writes another strong endorsement of Glass-Steagall, under the headline "No More Welfare for Banks." Saying he has a "proposal to strengthen the US financial system by simplifying its structure and making its more accountable," Hoenig calls for a "Glass-Steagall for today."
Paul Greenberg, editorial page editor of the Arkansas Democrat-Gazette, on June 18, 2012 published the article "Simpler is Better: Dust Off Glass-Steagall" promoting the immediate return to Glass-Steagall.
Former SEC Chairman Arthur Levitt, interviewed on Bloomberg TV on June 19, 2012 concerning Jamie Dimon's Congressional testimony, once again confessed: "Clearly, I regret my support of doing away with Glass-Steagall." Levitt said that the Volcker Rule would not have prevented the market meltdown, and he termed the Dodd-Frank bill "a huge mistake."
On June 20, 2012 in a UPI column titled "Averting Another Financial Meltdown", Harlan Ullman, regarded as the author of the "shock & awe" military doctrine, calls for the restoration of Glass-Steagall.
Roddy Boyd, the author of Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide, was interviewed on ValueWalk.com on June 20, 2012 and states "Glass-Steagall, or some like-minded separator of commercial and investment banks, should be promptly reinstated, as our regulators and policy leaders have demonstrated an unwillingness to let these institutions die."
Federal Deposit Insurance Corporation vice-chairman Thomas Hoenig told Bloomberg Radio on June 26, 2012 that a revival of the Glass-Steagall Act is "absolutely necessary" to protect the U.S. financial system. Hoenig's "absolutely necessary" quote and other comments have been covered all over the U.S.
July 23, 2012 - Former Delaware Senator Ted Kaufman blasts the Dodd-Frank legislation and promotes Glass-Steagall in his article "Dodd-Frank needs to be amended to stop another meltdown" which appeared in The Hill.
July 25, 2012 - CNBC breaks the news of "Wall Street Legend Sandy Weill: Break Up the Big Banks". The infamous '"Shatterer of Glass-Steagall" now wants it restored.
July 25, 2012 - During an appearance on CNBC's Kudlow Report, former TARP inspector general Neil Barofsky called for an up-to-date version of Glass-Steagall.
July 26, 2012 - In an editorial "The Big Banker's Change of Heart" on how banker Sanford Weill remarkably converted to supporting restoration of Glass-Steagall, the New York Times announces, "We do, too."
July 27, 2012 - Los Angeles Times runs an editorial, "Breaking up the megabanks", urging Congress to act to protect the nation from another banking meltdown with Glass-Steagall, not the Volcker Rule.
New York Times publishes an op-ed by David Stockman, head of the Office of Management and Budget during the Reagan era (1981-1985), that attacks the Ryan-Romney "fairy-tale" budget plan and calls for the restoration of Glass-Steagall.
August 10, 2012 - Chris Farrell, the economics editor of Marketplace.org, delivered a strong endorsement of Glass-Steagall stating that the Dodd-Frank legislation should be put out of it's misery and replaced with the Glass-Steagall Act.

Special Letters of Endorsement:

June 15, 2011-- Michael W. Sperry, Commercial Banker (Retired), sent a letter through the banking community demanding the restoration of Glass Steagall.
July 17, 2011--Former U.S. Representative Merrill Cook, Republican of Utah, issued an open letter, supporting H.R. 1489.
July 25, 2011--Mayor Kevin Poole of Lewiston, Idaho has also issued an official proclamation endorsing HR 1489 and calling for the U.S. Senate to introduce and pass identically worded legislation.
August 2, 2011-- The presidents of the California Farmers Union and the California Dairy Campaign issued a letter Aug. 2 endorsing H.R. 1489.
August 8, 2011 -- Kentucky State Sen. Perry Clark issues open letter calling for resignation of Obama and for Congress to pass Glass-Steagall.
August 10, 2011 -- AFL-CIO Director of Government Affairs William Samuel issues legislative alert addressed to Rep. Marcy Kaptur expressing support for HR 1489 from the national AFL-CIO organization.
August 31, 2011--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
September 28, 2011--Akron, Ohio Councilman writes to his Congressmen.
November 9, 2011: The American Federation of Teachers, an organization of over one million members, sent a letter of endorsement of H.R.1489 to Rep. Marcy Kaptur.

International Support:

Belgium: Professor Paul De Grauwe, University of Louvain.
Belgium: Eric de Keuleneer, former supervisor the Belgian Banking Oversight Agency and professor at the Solvay business School of the Free University of Brussels.
Belgium: MP Dirk Van der Maelen, vice-president of the Flemish Socialist Party of Belgium.
Denmark: Economist Christen Soerensen, economist, professor, and formerly a member of the Danish Economic Council, declared his support for reinstituting Glass-Steagall in a statement issued Oct. 7.
Ecuador: Pedro Paez, head of Ecuador's Presidential Commission for the Design of a New Regional Financial Architecture, endorsed a global Glass-Steagall reform on a radio show Sept. 13.
France: Former Prime Minister Michel Rocard called for reinstating Glass-Steagall in a full-page article in {Le Monde} on Oct. 4.
France: Jacques Cheminade, presidential pre-candidate from the Solidarite et Progres party.
France: July 2011: "A Glass Steagall Act For France" by Eric Verhaeghe, an economist and former president of the Association of the Employment of Cadre in France.
France: Since August 2011 the whole Socialist party supports Glass-Steagall in their party program, instructing all candidates to speak for in the election next year.
Germany: Helga Zepp-LaRouche, chairwoman of the BueSo party. Mrs. LaRouche issued a call for a Global Glass-Steagall System on Aug. 12, 2011, which has been signed by a number of political leaders, professionals, economists, and entrepreneurs from Germany and Austria, among other nations. The call and list can be found at www.schillerinstitute.org.
Great Britain: {Daily Telegraph} economic columnist Liam Halligan has repeatedly called for reinstatement of Glass-Steagall.
Italy: Senator Oskar Peterlini (Sudtirol Volks Partei-SVP) submitted a resolution into the Italian Senate calling for the restoration of a Glass-Steagall system on June 17, 2010. It was cosponsored by 14 other Senators, from both majority and minority parties.
Italy: Deputy Chairman of the Finance Committee of the Italian Chamber of Deputies Sergio D'Antoni endorsed Glass-Steagall in an interview with {EIR} on July 30, 2011.
Mexico: Sen. Alfonso Elias Serrano, PRI, and Sen. Arturo Herviz Reyes, PRD, have signed Zepp-LaRouche's call for a global Glass-Steagall.
Sweden: Swedish parliamentarians Valter Mutt and Annika Lillemets, of the Environmental party, submitted a motion in the parliament for Glass-Steagall on Oct. 4.
Sweden: Parliamentarians Ulla Andersson and Jonas Sjostedt published an oped for Glass-Steagall in the newspaper {Goteborgsposten} on August 10.
Switzerland: Leaders of the Swiss People's Party and the Social Democrats have called for, and introduced legislation, for splitting commercial from investment banks, with specific reference to the Glass-Steagall precedent. So far, the legislation has been defeated.
France: June 9, 2012: Banking Analysts of Alpha Value Urge France and Europe To Adopt Glass-Steagall
UK: June 11, 2012: UK Column: Glass-Steagall or Collapse -- Go to a "Greenback Pound"
Germany: June 17, 2012: Helga Zepp-LaRouche issued an urgent Appeal to Governments and Parliaments - Glass-Steagall Now!
Italy: July 1, 2012: Italian Parliament Finance Committee Received Glass-Steagall Bills.
July 17, 2012 - French journalist and TV producer Michel Gabrysiak, who currently heads the Geneva-based Finance Foundation, urges Europe to join the U.K.-U.S. faction fighting for bank separation in his blog, in English, "Separating Retail Activity From Investment Activity In All Financial Institutions".
July 18, 2012 - Nikolaus von Bomhard, CEO of the world's largest reinsurance company, Munich Re, has called for banking separation.
July 25, 2012 - Analysts at Germany's oldest private bank, Berenberg Bank, call for bank separation.
July 26, 2012 - Finance Watch, an international association formed in 2010 by 22 members of the European Parliament to reform financial regulation and present proposals to the public and to lawmakers, has published a list "Who are the senior bankers calling for separation?"
August 1, 2012 - Spiegel Online publishes an editorial by editor-in-chief Georg Mascolo titled "It's Time To Break Up Massive Banks".
August 3, 2012 - Iceland Introduces Glass-Steagall
Germany: August 10, 2012 - Deutsche Welle, the official international broadcasting agency of the German government, ran a lengthy article announcing boldly that Glass-Steagall "is on the table in the United States and Germany."

Powerful British Faction Moves For Glass-Steagall Reform

July 1, 2012 - Terry Smith, CEO of Tullett Prebon and of Fundsmith, who had first called for Glass-Steagall in 2008, authors an op-ed published in the Guardian titled "Traders are the ruin of retail banking" and states “The UK and the US must enact a Glass-Steagall Act..."
July 1, 2012 – The Scotsman reports on comments made by John Thurso, a Liberal Democrat who sits on the Treasury select committee, that "I think there is no choice now than to, by law, separate investment banking from retail banking."
July 3rd, 2012 – British MP Jonathan Edwards, Treasury spokesperson for Plaid Cymru (the National Party of Wales), condemned Chancellor George Osbourne's announcement that there won't be a full public inquiry into the Libor scandal and states "There is a structural and cultural problem with the UK banking industry which requires a complete overhaul. Crucially, we need a complete separation of retail and investment banks (Glass-Steagall Act) which goes further than the recommendations of the Vickers Report."
July 4, 2012 – In an editorial entitled "Restoring trust after Diamond" the Financial Times explicitly states that while they had previously supported the Vickers ring-fencing proposal "...we are now ready to go further. For all the diversification benefits, the cultural tensions between investment and retail banking can only be resolved by totally separating the two, on formal Glass-Steagall-style lines...."
July 4, 2012 - In an interview with Jon Snow on Channel 4 News, Lord Paul Myners, former Financial Services Secretary in the Labour government of Gordon Brown, calls for full Glass-Steagall legislation to deal with the corruption of the banks.
July 5, 2012 – The Financial Times, in "Osbourne under pressure on banks" reports that "MPs from all sides are lined up for such a split, modelled on the US Glass-Steagall Act of the 1930s..." and quotes from MPs Andrea Leadsom and Pat McFadden who support bank separation.
July 6, 2012 - In an interview with the Evening Standard, Peter Hambro, scion of the old British merchant bank Hambros, argues that while retail banks should rightly lend to the real economy and therefore operate with a government backed guarantee of deposits, merchant bankers should live off their wits and operate only with unlimited liability, so that if they lose money they are fully liable.
July 6, 2012 - Financial Times columnist Matthew Vincent in "Why are banks ignoring the bigger picture?" caustically takes down the investment bankers' arguments against Glass-Steagall.
July 6, 2012 - The Daily Mail's Dominick Sandbrook invokes Franklin Roosevelt and the Glass-Steagall Act as a way to save capitalism and the City of London from itself.
July 7, 2012 - Economics Liam Halligan, in a column in the London Telegraph titled "Liborgate could trigger crucial banking reform" gives a strategic accounts of the historical turning point now being reached "Finally, the British political classes are starting to get it. Finally, a head of steam is building. Over the past week, calls to impose a proper division between investment and commercial banking have become louder, more authoritative and part of mainstream debate."
July 8, 2012 - The Financial Times keeps the focus on Glass-Steagall with the posting of a Financial Times 5-minute video: "John Authers' Morning Note" on "Let's talk about the banks", discussing "the case for going back to some sort of Glass-Steagall division between investment banking and retail banking."
July 8, 2012 - Writing in The Guardian under the title "Wall Street's Link to LIBOR," Robert Reich discusses the LIBOR scandal and repeats his demands for an immediate reinstatement of Glass-Steagall. "The alternative is to be unflagging and unflinching in our demand that Glass-Steagall be reinstituted and the biggest banks be broken up."
July 9, 2012 - The Financial Times again calls for Glass-Steagall in the Editorial statement "UK banking policy"
July 22, 2012 - In an article titled "Why It Makes Sense for Banks to do the Splits", Margareta Pagano, business editor of the Sunday Independent and a City of London journalist, argues strongly for Glass-Steagall.
July 24, 2012 - In an editorial in the Financial Times titled "Reforming British banking after Libor" Lord Turner, head of the Financial Services Authority (FSA), is attack because of his opposition to Glass-Steagall.
July 26, 2012 - The lead editorial in the Financial Times "Sandy Weill Stages an Epic Conversion", contains the kicker, "Better to restore Glass-Steagall than a weak Volcker Rule," and congratulates former Citigroup CEO Sandy Weill for his call for a return to Glass-Steagall.
August 12, 2012 - Prominent City of London economist Liam Halligan once again stressed the urgent need to restore Glass-Steagall legislation in a commentary which begins by denouncing the hyperinflationary intentions of ECB president Draghi — intentions only surpassed by those of the Federal Reserve and Bank of England.