Defuse the Euro Time-Bomb with a Global Glass-Steagall
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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
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
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
Posted in Glass Steagall
Tagged Alan Greenspan, banking regulation, banking separation, Bill Clinton, british free trade, casino economy, crimes of Wall St, derivatives gambling, Dodd-Frank, financial deregulation, Glass Steagall, globalization, GSIFIs, SEC, stockholder value, TBTF banks, universal banks
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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
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
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New Glass-Steagall would help to keep lenders in line By John Authers It’s a shame the Depression-era legislation was repealed.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
Posted in Economy, Glass Steagall
Tagged bank runs, deposit insurance, Glass Steagall, JP Morgan Stanley, universal banks
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