Posted 5 years ago on July 30, 2012, 10:22 a.m. EST by arturo
from Shanghai, Shanghai
This content is user submitted and not an official statement
A major turn-around is emerging from some of the previously staunch opponents of Glass-Steagall bank separation. These shifts are no accident: People are getting the point that without Glass-Steagall there is no alternative to hyperinflation. What first took hold in London:
when a group of senior bankers used the revelations of the LIBOR scandal:
to thrust Glass-Steagall into public debate, is now sweeping through the US in the wake of Sanford Weill's "epic conversion."
Here is a run down of recent editorials for Glass-Steagall:
Financial Times on Sandy Weill's Damascus Road Conversion http://larouchepac.com/node/23478
Los Angeles Times: We Need Glass-Steagall, Not Volcker Rule http://larouchepac.com/node/23477
Crisis Also Converts The New York Times: Editorial for Glass-Steagall http://larouchepac.com/node/23476
American Banker Magazine Says Weill's Call Rivets Washington, LaRouche's Glass-Steagall No Longer "Marginal" http://larouchepac.com/node/23480
Finance Watch Publishes List of Bankers for Bank Separation http://larouchepac.com/node/23479
Spitzer: Weill Finally Got It Right, Even If He Is To Blame http://larouchepac.com/node/23488
LaRouche PAC is in the midst of a two-week mobilization to get the first steps of a national program for recovery underway. The challenge now is ensuring the entirety of that three-fold program is grasped as a unit.