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Public Statements

Issue Position: The Glass-Steagall Act

Issue Position

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For the last 4 years, we have spent over $29 trillion bailing out a toxic banking system which is only continuing to drag down the rest of this nation. Aren't you sick and tired of having a banking system that swindles the population and yet produces nothing to help this economy suvive?

Let's cancel the $29 trillion bail out and take our money back! Return to the exact same provisions outlined by the Franklin Roosevelt Administration in the 1933 Glass Steagall Act, which kept normal commercial banks seperate and protected from usurious Wall Street investment banks for 75 years! All banks conducting normal banking practices will qualify for insurance from the Federal Deposit Insurance Corporation, while all investment banks and speculators will fend for themselves in their corrupt world of gambling. If they can't pay for their losses, they will just have to eat them.

We will not cut essential programs in the United States like Medicare, Medicaid, Social Security and Emergency response to bail out these traitors--cut Wall Street and their buddies in London and Europe instead!


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