The Battle for Glass Steagall: New Endorsements
July 21, 2012 • 9:06AM

Two more legislators have endorsed U.S. House Resolution 1489, which calls for reinstatement of the Glass-Stegall law separating commercial banking activity from speculation. They are: Maurice Hinchey of New York, and Eleanor Holmes Norton of Washington, D.C.—both Democrats.

In addition, an eighteenth Pennsylvania municipality has endorsed LaRouche PAC's NAWAPA/Glass-Steagall resolution. The Rush Township Board of Supervisors in Schuylkill County (central Pennsylvania, 17th CD [Representative Holden]) posted the resolution on its website this morning under the title "Resolution No. 12-14 Resolution restoring the system of public credit," after passing the resolution unanimously July 19.

The township Supervisors have been discussing the urgent need for restoration of industry in America, and expressed disgust with area politicians pushing for "more casinos." They have been following the ongoing scandals on the casino banking system.

According to the township website, it is named "in honor of Judge Jacob Rush, who serviced as the first presiding judge of the Third Judicial District when Schuylkill County was still part of Northampton County. Jacob Rush was the younger brother of Dr. Benjamin Rush, one of the signers of the Declaration of Independence."