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flpoljunkie

(26,184 posts)
Tue May 15, 2012, 08:38 AM May 2012

Read Rollingstone's Matt Taibbi and then sign Elizabeth Warren petition to bring back Glass-Steagall

http://www.rollingstone.com/politics/news/how-wall-street-killed-financial-reform-20120510

Congress must put Wall Street reform back on the agenda

Wall Street investment bank JP Morgan took risky bets and just lost two billion dollars of other people's money.

Elizabeth Warren says: "With the Progressive Change Campaign Committee, I'm calling on Congress to put Wall Street reform back on the agenda and to begin by passing a new Glass-Steagall Act. This was the law that stopped investment banks from gambling away people's life savings for decades -- until Wall Street successfully lobbied to have it repealed in 1999."

Join Elizabeth Warren on this petition, which we will deliver to Congress -- sign on the right.

It's time for Congress to put Wall Street reform back on the agenda. We support passing a new Glass-Steagall law to prevent too-big-to-fail Wall Street banks from taking huge risks with people's life savings -- and then expecting taxpayer bailouts.

http://elizabethwarren.com/wall-street-reform
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Read Rollingstone's Matt Taibbi and then sign Elizabeth Warren petition to bring back Glass-Steagall (Original Post) flpoljunkie May 2012 OP
Done. Thank you. Elizabeth Warren and Matt Taibbi -- two of my favorites. JDPriestly May 2012 #1
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