Tag Archives: universal banks

Michel Rocard Demanded Glass-Steagall Now: ‘This Law Drew Us Out of the Crisis’

In May, former French Prime Minister Michel Rocard gave an interview to the financial web daily, La Tribune, decrying the absence of any financial reform since the crash in 2007, which he said has created the conditions for a new … Continue reading

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New Legislative Initiative in Italy for a National Glass-Steagall Act

Tuscany City Councilman Gabriele Chiurli has started a procedure for a national Glass-Steagall Act. Italian law allows a local legislative body to introduce national draft bills, which, however, must be first approved by the local legislature—in this case, the Regional … Continue reading

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Bill Clinton: Glass-Steagall Repeal Didn’t Cause Crash, But Deregulation of Derivatives Did

Bill CLinton spoke Wednesday at the Peter Peterson Foundation 2014 Fiscal Summit, interviewed by Gwen Ifill of PBS. Ifill noted the widespread discussion about deregulation, and asked Clinton if he had gone too far in deregulating the economy, contributing to … Continue reading

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Halligan: Glass-Steagall Debate Re-Opened in Britain

Fears about the impact of QE and the awful state of the banks could be “likely to reopen the U.K.’s debate about the need to impose a Glass-Steagall split between retail-commercial banks, where firms and households store their deposits, and … Continue reading

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LaRouchePAC Glass-Steagall Ad In DC Daily With Over 40 Signatures

The following ad appears in the October 15th printed edition of the D.C. daily The Hill. A print quality PDF of this document is also available. . If you’d like to volunteer, please call 800-929-7566. We Stopped Obama’s Unconstitutional War … Continue reading

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Swiss Central Banker Acknowledges Bail-In Still Means Bail-Out

Coverage of the Glass-Steagall fight in other nations is not completely blacked out of pre-election Germany. Swiss Central Bank head Thomas Jordan was interviewed Sept. 14 (in writing) by Bild, and acknowledged (even after the Swiss banking agency FINMA’s blunt … Continue reading

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New Glass-Steagall would help to keep lenders in line

The Financial Times again comes out for Glass-Steagall New Glass-Steagall would help to keep lenders in line By John Authers It’s a shame the Depression-era legislation was repealed. Two weeks ago, this column argued that Glass-Steagall, the Depression-era legislation that … Continue reading

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