The LaRouche Plan
The Basement Project
An extensive well-focused exposè in today's New York Times "DealBook" column documents that Wall Street banks and swaps dealers are writing the Dodd-Frank rules, and also the House bills to implement other Dodd-Frank rules, which are then passing the Financial Services Committee and Agriculture Committee and the full House.
Member of the European Parliament (MEP) Claudio Morganti congratulated U.S. Sen. Tom Harkin on introducing a bill to restore the Glass-Steagall Act, telling Harkin that this is the only alternative in Europe to the dreaded "Cyprus solution" of the Troika.
Spanish anti-bank investigative journalist Josep Manuel Novoa argues the urgency of Glass-Steagall, citing Lyndon LaRouche's campaign to reinstate the FDR law in the United States, in a lively article posted on May 21 by Colectiva Burbuja.
On May 20 in Sacramento, dairy farmer leaders of California put forward their case that they will go out of operation, if they don't have higher prices, to cover their costs of milk production, which state and Federal authorities have so far refused to act upon, to help.
Commenting on the New York Times "DealBook" Friday expose, former Labor Secretary Robert Reich said, "Who needs Republican when Wall Street has the Democrats?"
On May 21, Member of the European Parliament (MEP) Claudio Morganti briefed the plenary session on U.S. Sen. Harkin's Glass-Steagall Bill and called on European nations to follow the example. Morganti intervened in the debate on the so-called Banking Union reform, rejecting the scheme and calling instead for banking separation. Here is the text of his intervention:
Click here for marching orders to restore Glass-Steagall.
Mexican farmer and peasant organizations are demanding that the federal government immediately make the issue of food production its top priority, or face mass protest and social upheaval from starving citizens.
In the Q&A portion of his testimony before the Joint Economic Committee of Congress on May 22, Federal Reserve Chairman Ben Bernanke, unprompted, raised the issue of Glass-Steagall, in response to a question from Sen. Bernie Sanders (I-VT) about banks that are "Too Big to Fail."