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Senator Harkin Introduces S. 985 To Reinstate Glass-Steagall

 
Anonymous Coward
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05/28/2013 02:11 PM
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Senator Harkin Introduces S. 985 To Reinstate Glass-Steagall
On May 16, the 80th anniversary of the introduction of the original 1933 Glass Steagall Act, Sen. Tom Harkin (D-IA) introduced Senate Bill 985 to reinstate Glass-Steagall. While the full text of the Harkin bill has not yet been posted by the Library of Congress, the fact that there is now a Senate bill to reinstate full separation of commercial banking from all other brokerage and speculative activities is a dramatic development. The fight for Glass-Steagall has now moved to a new level.

The introduction of S. 985 came the same day that the 20th state legislature introduced a resolution urging its Congressional delegation to support Glass Steagall reinstatement. This week, both Delaware and Illinois introduced such resolutions. In addition, the Regional Council of the Tuscany Region of Italy passed a resolution calling for "Banking and Legal Reform According to the Glass-Steagall Act."
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Anonymous Coward
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05/28/2013 05:19 PM
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Re: Senator Harkin Introduces S. 985 To Reinstate Glass-Steagall
bump
Anonymous Coward
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05/28/2013 05:23 PM
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Re: Senator Harkin Introduces S. 985 To Reinstate Glass-Steagall
It's about damn time. It was repealed by Bubba Clinton with the Graham/Leech/Bliley bill. THAT is what turned Wall St into a casino with the Fed., Gov't Sacks of Cash & J.P. Morgue acting as the house.

I'll bet Reid tosses it in the trash.
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05/28/2013 05:28 PM
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Re: Senator Harkin Introduces S. 985 To Reinstate Glass-Steagall
clappapigchef





GLP