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Reinstate the Glass-Steagall Act ACTION


Business  (tags: finance, money, banking, US, glass-steagall, middle class, corruption )

Nancy
- 607 days ago - signon.org
Glass-Steagall aided in a six-decade rise of a more egalitarian financial system and a healthy middle class. Its 1999 repeal ushered in our current era of reckless and ruinous banking practices, which brought the USA to the brink of financial disaster...



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Comments

Zee Kallah (39)
Sunday August 19, 2012, 5:43 pm
Thank you, Nancy.
 

Teresa Cowley (272)
Sunday August 19, 2012, 6:10 pm
I wholeheartedly agree--noted and signed--thanks Nancy.
 

Judy B. (61)
Sunday August 19, 2012, 8:23 pm
Signed and noted, thanks.
 

Past Member (0)
Monday August 20, 2012, 9:32 am
already signed, thanks Nancy
 

Roger Garin-michaud (60)
Monday August 20, 2012, 1:19 pm
noted thanks !
 

Past Member (0)
Monday August 20, 2012, 1:27 pm
Thank you so much for taking the time to sign my petition regarding the effort to shore up the stability of our banking system. Over 90000 of you have signed so far and I am amazed at how quickly this has spread. It's remarkable really !
TU Nancy....notes don't seem to be taking
 

. (0)
Monday August 20, 2012, 3:14 pm
Signed and Noted.
 

Kristine H. (75)
Monday August 20, 2012, 3:32 pm
Signed and noted Nancy, thanks!
 

Vicky P. (462)
Monday August 20, 2012, 3:58 pm
Signed and Noted
 

Lois Jordan (55)
Monday August 20, 2012, 6:43 pm
Signed. This worked perfectly well for decades, it's a shame greedy banksters replaced it with Gramm-Leech-Bliley....the ruination of middle-class America. Thanks, Nancy.
 

Joe R. (195)
Monday August 20, 2012, 7:45 pm
Signed and noted.
 

Sara W. (110)
Monday August 20, 2012, 10:53 pm
Signed.
 

Carol H. (229)
Tuesday August 21, 2012, 11:19 am
signed and noted
 

Jim Phillips (3206)
Tuesday August 21, 2012, 12:11 pm
Petition already signed.


Reinstate Glass Steagall

For 55 years from 1933 to 1988, the US suffered no major banking collapses or financial crisis. But in 1980, with the repeal of key provisions of the Glass Steagall regulation along with other regulations, savings and loans were once again able to take undue risks outside the long-term public interest. Peaking in 1988, the US Savings and Loans crisis was the first major collapse of US financial assets since the great depression. But damage done by deregulation wasn't finished. In 1999, another major provision of Glass Steagall, which prevented commercial banks from acting as investment banks, was removed. Nine years later, due to a massive demand for commoditized, high-interest, mortgage assets resulting from this deregulation, the US and world economy collapsed under the weight of the worst economic crisis since the great depression. 

In short, we need a return to the kinds of regulations that protected our economy against the worst market excesses and manipulations. Dodd-Frank did not go far enough and we are open to further and worse collapses unless we re-establish sound banking and investment policy. 
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Sincerely,

[Your name]

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http://www.washingtonwatch.com/petitions/show/35.html

Has petition to sign in link above.

Ty, Nancy.
.

.
 

Lisa AWAY Neste (696)
Tuesday August 21, 2012, 2:16 pm
Signed, thanks Nancy.
 

Nelson Baker (0)
Tuesday August 21, 2012, 4:33 pm
signed
 

Charlene Rush (32)
Tuesday August 21, 2012, 5:11 pm
This sounds like a good idea to me.
 

Charlene Rush (32)
Tuesday August 21, 2012, 5:11 pm
This sounds like a good idea to me.
 

Stuart Thomas (491)
Tuesday August 21, 2012, 8:51 pm
Noted, signed, and submitted. Thank you, Nancy.
 

Judy C. (106)
Wednesday August 22, 2012, 1:42 am
Signed. Thanks Nancy.
 

Beverly C. (0)
Wednesday August 22, 2012, 5:44 am
Whether some Americans support it or not, All Americans know that "The Glass-Steagall Act" is best for our nation and our people. Those who do not want it to be or stay in affect are most interested in their own personal selfish gathering of wealth.
 

Gloria picchetti (279)
Wednesday August 22, 2012, 4:23 pm
Signed.
 

Dandelion G. (399)
Saturday August 25, 2012, 6:38 am
Thanks for signing! Now, pass it on.
 

Carole K. (200)
Saturday August 25, 2012, 1:48 pm
Noted & signed. TY, Nancy!
 

Christeen Anderson (422)
Saturday August 25, 2012, 3:27 pm
Signed, noted and shared. Thanks.
 

Edwin M. (366)
Saturday August 25, 2012, 3:52 pm
Signed thanks Nancy and thanks Sheryl for the forward
 

Rose NoFWDSPLZ (264)
Saturday August 25, 2012, 7:30 pm
Signed Nancy
 

Cynthia Davis (339)
Sunday August 26, 2012, 7:38 am
Signed TY Nancy and Dandelion
 

Mary away T. (188)
Sunday August 26, 2012, 2:02 pm
Signed and shared already, Thanks Nancy and Dandelion.
 

Ruth R. (209)
Sunday September 9, 2012, 2:49 am
Noted, signed, posted to twitter, facebook.
 
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