Glia
08-19-2012, 02:34 PM
Once again, Thomas Jefferson was way ahead of the rest of us.
* * * * * * * *
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 in 2008.
Essentially nothing has changed since then, and the economy remains at great risk. The banking system must be brought back to serving the people and sustaining the economy rather than draining its lifeblood.
Without a strong middle class, the America that we have known will cease to exist, and the oligarchs will have finally won their coveted prize. This must not be allowed to happen.
That's why I created a petition on SignOn.org to Congress and President Obama urging them to reinstate Glass-Steagall.
Click here to sign the petition to reinstate Glass-Steagall.
The petition says:
Thomas Jefferson got it right when in 1802 he wrote,
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property—until their children wake up homeless in the continent their fathers conquered."
His words were prescient indeed as we are in the midst of the greatest transfer of wealth to a scarce few individuals and banks, all of it being done within the boundaries of laws that the bankers themselves have either written or paid well to have written.
Glass-Steagall prevented this egregious behavior and must be reinstated.
Click here to add your name to this petition (https://signon.org/sign/reinstate-the-glass-steagall-5?source=homepage), and then pass it along to your friends.
Thanks!
–Mitchell Gershten
This petition was created on SignOn.org, the progressive, nonprofit petition site. SignOn.org is sponsored by MoveOn Civic Action, which is not responsible for the contents of this or other petitions posted on the site. Mitchell Gershten didn't pay us to send this email—we never rent or sell the MoveOn.org list.
* * * * * * * *
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 in 2008.
Essentially nothing has changed since then, and the economy remains at great risk. The banking system must be brought back to serving the people and sustaining the economy rather than draining its lifeblood.
Without a strong middle class, the America that we have known will cease to exist, and the oligarchs will have finally won their coveted prize. This must not be allowed to happen.
That's why I created a petition on SignOn.org to Congress and President Obama urging them to reinstate Glass-Steagall.
Click here to sign the petition to reinstate Glass-Steagall.
The petition says:
Thomas Jefferson got it right when in 1802 he wrote,
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property—until their children wake up homeless in the continent their fathers conquered."
His words were prescient indeed as we are in the midst of the greatest transfer of wealth to a scarce few individuals and banks, all of it being done within the boundaries of laws that the bankers themselves have either written or paid well to have written.
Glass-Steagall prevented this egregious behavior and must be reinstated.
Click here to add your name to this petition (https://signon.org/sign/reinstate-the-glass-steagall-5?source=homepage), and then pass it along to your friends.
Thanks!
–Mitchell Gershten
This petition was created on SignOn.org, the progressive, nonprofit petition site. SignOn.org is sponsored by MoveOn Civic Action, which is not responsible for the contents of this or other petitions posted on the site. Mitchell Gershten didn't pay us to send this email—we never rent or sell the MoveOn.org list.