Queen Elizabeth ~ Serfdom Is Her Game And NWO Is Its Name.
According to Karl Marx, the following TEN ELEMENTS were requisite conditions for “a transition from capitalism to communism.”
1. Abolition of property in land and application of all rents of land to public purposes.
Washington Examiner: The great Obama land grab: “White House officials have been meeting quietly with environmental groups to map out government plans for acquiring untold millions of acres of both public and private land… The federal government, as the memo boasted, is the nation’s ‘largest land manager.’ It already owns roughly one of every three acres in the United States… This is apparently not enough.”
2010 FORECLOSURES ARE BASED UPON ILLEGAL UNTRACEABLE DERIVATIVES!
- Democrat Party Orchestrated The Financial Disaster: Foreclosures Increase By 65% of MSAs In 3Q
- Obama Told Bankers Today: Its OK To Foreclose On American Citizens Who Bailed You Out!
- America’s Debt Is Smoke And Mirrors: Dodd/Frank Most Culpable In Fraudulent Paper Scam!
- Obama Knighted By Queen Lizzy II: Record Number Of U.S. Homes Seized By Banks: Bail Out Proves Advantageous To Wall Street!
- $7.5 Billion RICO Class Lawsuit Filed Against MERS (Mortgage Electronic Registration Systems)
- Obama Distributed American Welfare Checks To The World’s Richest : British Banks Are Now Taking Our Homes – To The Tune Of 18.8 Million Homes Thus Far From Unemployed Americans.
- Round Up The British Dynasty & Their Ilk, For Their Very Own Nuremberg: Devil Is Exposed
- Kansas Supreme Court Stops Greedy Democrats From Double Dipping On Their Orchestrated Housing Crisis – 60 Million Fatally Flawed Mortgages
- Record U.S. Home Foreclosures In 2009 : Expected Increase Of 3 Million More Homes To Be Repossessed For 2010 By Greedy Banks!
- Where’s The Stimulus? 19% Increase – 367,056 More Homes Taken Away In March From U.S. Citizens, Who Just Bailed Out The Rich Banking Cartel!
- Democrat Party Orchestrated The Financial Disaster: Foreclosures Increase By 65% of MSAs In 3Q
2. A heavy progressive or graduated income tax.
National Taxpayer Union: The top 1% of taxpayers already pay 40% of all income taxes. The top 5% pay 61% of all income taxes. And the top 25% pay 87%. The bottom 50% pay 3% of all income taxes.
- OBAMA: “We are out of money now.” March 23, 2009 ~ But That Didn’t Stop Him From Bailing Out World’s Richest 1% ~ The International Banks!
- Piece Of Shit Charles “Shyster” Schumer: After Porking The U.S., Shyster Wants Empty Compromise!
3. Abolition of all right of inheritance.
USA Today: “Estate tax to return in 2011, and it could hurt ordinary folks.”
4. Confiscation of the property of all emigrants [those leaving the country] and rebels.
New York Post: The President’s new jobs-killer: “…President Obama explicitly targeted the industry for two massive tax hikes. First, he’d ban oil and gas companies from using the ‘Section 199’ tax credit, a measure for domestic manufacturers enacted in 2004 to boost US employment… Second, he wants to end ‘dual capacity’ protection for US energy firms… Without this shield against double taxation on foreign revenues, American companies would be competing on an uneven global playing field… Yet, by the federal government’s own economic model, these tax hikes would lead to huge, immediate job losses.”
5. Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.
New York Post:
- Democrats, Fannie Mae still issuing subprime loans, even after melt…. And CNS News: Obama to Nationalize Student Lending with Pending Budget Bill.
- Obama: Broke And Loving It!
- Glass Steagall Act With Stroke Of A Pen Will Nullify Derivative Debt: Europe To Effectively Restore Glass Steagall – Including Austria And Belgium!
- Communist IINO Joseph Lieberman: War Monger ~ NWO Operative ~ Socialist Sleeper Cell.
- Lindsey Graham: Stop Bernake From Destroying The United States From The Inside!
- Obama: We Will Not Be Lulled To Sleep ~ Memo to the Next Congress: Americans Want to Cut Government, Not Defense!
- Hold The Bastards Accountable ~ Remember ==> Mexican Flu Outbreak 2009: SPECIAL REPORT by Dr Leonard Horowitz
- Soros ~ Surreptitiously Pumps (aka; ‘invests’) Into China And Brazil ~~ While Surreptitiously Dumps (aka; exploiting competitive weaknesses) Within America == This Funnels Money To China And Brazil Where Soros Is Invested.
- George Soros British Monarchy Operative & Piece Of Shit Alan Grayson (D-Florida) : Feigns Outrage Over America’s Missing $500 Billion USD During Orchestrated 2008 Financial Meltdown!
- Piece Of Shit Alan Grayson: Sleeper Cell For Convicted Felon George Soros And His Venezuelan “Open Society”
- Obama’s Treason : Plethora Of New Centralized General Government Agencies!
6. Centralization of the means of communication and transport in the hands of the State.
Tom’s Hardware: “Bill Allows Obama Power to Shut Down Internet.” And “Advertisers on talk radio targeted by Congressional investigations.” And “In an exclusive interview with Rolling Stone Magazine, President Ob….”
7. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan.
National Legal and Policy Center: “Obama Arranges Takeover of GM and Chrysler; Auto Workers Union Gets….” And Discover: “New EPA Rules Clamp Down on Mountaintop Removal Coal Mining.” And News 9 Oklahoma: “EPA to Crack Down on Farm Dust.”
8. Equal liability of all to labour. Establishment of industrial armies, especially for agriculture.
Wall Street Journal: “SEIU’s Stern Tops White House Visitor List.” And The Blaze: “Obama’s OFA, Churches Join Democratic Socialists for Saturday March….”
9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equitable distribution of the population over the country.
Heritage: “The Clean Water Restoration Act Means Troubled Waters For Property …“: “…The Waxman-Markey global warming bill is far and away the most worrisome environmental measure currently working its way through Congress, but it is certainly not the only cause for concern… S. 787, the Clean Water Restoration Act (CWRA)… would do much more harm than good, especially for farmers, ranchers, developers, energy producers, and other property owners.”
10. Free education for all children in public schools. Abolition of children’s factory labour in its present form. Combination of education with industrial production.
: New York Sun: “Obama Tells Teachers Union He Opposes Vouchers.” And Big Hollywood: “Teachers’ Union] NEA: Obama’s Ministry of Propaganda.” According to Karl Marx, the following ten elements were requisite conditions for “a transition from capitalism to communism.”
No federal government has damaged the American free market more than this one. No federal government has stolen more employment, more freedom, more private property — from this and future generations — than this one. No government has created more regulations, more unconstitutional dictates, more — dare I say it — slavery than this one.
With its propaganda for a massive reduction of the American population, NPG (Negative Population Growth) serves the purposes of those British forces, in the environs of Prince Philip, who have openly stated their intention to destroy the United States, to break the country into separate and competing “bio-regions,” over the coming years.
Now, given all of these facts: can there be any doubt what Barack Obama meant when he twice proposed, “a civilian national security force that’s just as powerful, just as strong, just as well-funded” as our military? The Obama-Democrat Left has mounted the first successful counter-revolution — against the American Revolution — in our history. Using an incessant series of attacks by a fifth column, the intent of the counter-revolution is to eradicate the effects of the American Revolution. The most magnificent society ever created hangs in the balance. The midterm elections in November represent our last chance to salvage the American experiment. Marshal your parents, your children, your siblings, your neighbors, your coworkers — marshal everyone you know, because the stakes could not be higher.
PRINCE CHARLES TO PRESIDENT CHARLES ` MEGALOMANIAC OF SELF CONVENIENCE:
September 11, 2009 (LPAC)‚ In the report historian Anton Chaitkin documents the personal complicity of the British Prince of Wales, Charles, in engagement with the type of crimes against humanity which the British monarchy has foisted, as a fraudulently alleged “health-care program” on its virtual puppet, U.S. President Barack Obama. The crucially important point to be made in this and other publications on this subject, is that since the elevation of Britain’s Queen Victoria, as successor to the bankrupt British East India Company, and Empress, the British empire has been a continuation of what had been the imperial power and reach of the British East India Company, since the February 1763 Peace of Paris.
The Druid British Monarchy:
Esoterically, the nation of Germany was led to believe that the gods were purifying the human race; esoterically understood, however, they were beginning the process of annihilating mankind.“…the word ‘holocaust,’ comes from a third century Greek word ‘Holokaustos,’ referring to ‘the burnt sacrificial offering of the Jews dedicated exclusively to God.’ The Holocaust was Hitler’s fiery offering of human sacrifice to Satan, just as in the days of the heathen Amorite god, Moloch. The bloodlust of the coming Anti-christ will continue in the tradition set by Hitler making Hitler’s incredible hate seem moderate in comparison.”
The ritual phallic cults throughout history have also engaged in human sacrifice. The ancient ruins of Stonehenge in England, revered in occult lore, are eerie monuments to the Druidic custom of human sacrifice. The noble savages, glorified by Robert Hicks, are clearly identified with this barbaric Druidic custom. In The Trojan Horse: How The New Age Movement Infiltrates The Church, Brenda Scott and Samantha Smith present a very different view of the noble savage than does Margaret Mead.“Stuart Piggott, a respected archaeologist and recognized authority on Celtic history, agrees: ‘It is hardly realistic to exculpate the Druids from participation, probably active, in both the beliefs and practices involved in human sacrifice… The Druids were the wise men of barbarian Celtic society, and Celtic religion was their religion, with all its crudities. It is sheer romanticism and a capitulation to the myth of the noble savage to imagine that they stood by the sacrifices duty bound, but with disapproval on their faces and elevated thoughts in their minds.’”
Scott and Smith also associate the Order of Freemasons and the British Royal Family with the Druid tradition:“Druid traditions were also preserved with Freemasonry, which is thought to have evolved from the Druids or at least alongside of them. This connection is addressed in Gould’s History of Freemasonry. (James Bonwick, Irish Druids and Old Irish Religions, Salem N.H.: Ayer Co., 1984, p. 71) The three part structure of the masons is identical to the three offices of druidic priesthood: Ovates, Bards, and Druids. Also, ‘the secret teachings embodied therein are practically the same as the mysteries concealed under the allegories of Blue Lodge masonry.’ (Manly P. Hall, An Encyclopedic Outline of Masonic, Hermetic, Qabbalist and Rosicrucian Symbolic Philosophy, Los Angeles:
The Philosophical Research Soc., 1977, XXIII).“Political and religious suppression forced the Druids to go underground. Many thought that the religion had disappeared, but it survived, handed down within families and villages to resurface again in the early eighteenth century. There are three main druidic colleges. . .In fact, druidism has become so accepted socially that Queen Elizabeth II and the Prince of Wales both accepted posts as honorary Druids in the Wales Gorsedd. (Sophie Moore, The Gnosis Interview). . .By 1988, there were estimated to be over one million adepts (spiritual masters) and the movement is growing.”
That British monarchy has been a globally extended empire in the true sense of that term, and has been also the chief author of not only World Wars I and II, the author of Japan’s 1894-1945 warfare against such included nations as China, Korea, Israel, and Russia, and the co-author of the originally early 1920s scheme for the British alliance with Japan for a planned Japan attack on the U.S. Pearl Harbor naval base which was actually carried out on December 7, 1941. It was this British monarchy which organized what became known as World War I and which had put Adolf Hitler and its policies into power in Germany through an operation run, in January 1933.
It was British health-care policies, then, in September October 1939, which are known today as both the genocide policies of the Hitler regime, and the policies, uttered from the London of former British Prime Minister and infamous liar Tony Blair, which are expressed as the pro-genocidal intention of the policies currently proposed by President Barack Obama (those who deny that fact, are either stupid, or lying).
- British Monarchy Caught In A Death Scheme: Obama “Death Panel” Modeled After Hitler’s T4 ProgramBritish Concentration Camps Boer War
The policies underlying the Hitler- and Blair-like policies of the Obama administration presently, are entirely creations of the British Empire under the current British Royal family’s role as an empire of a British monetarist system, a system currently based on the root supplied by…
- Britain Monarchy’s Obama & Hitler : Britain’s Seditious War Upon The United States Of America!
- Arrest The Illuminati aka Cross & Bones: President Adam’s Law Against
- America Nulls & Voids Obama’s Counterfeit Debt With The Glass Steagall Act : Britain Threatens War!
The British monarchy, and the City of London’s leading Crown bankers, enthusiastically backed Hitler and the Nazis, bankrolled the Führer’s election, and did everything possible to build the Nazi war machine, for Britain’s planned geopolitical war between Germany and Russia. Support for Nazi-style genocide has always been at the heart of House of Windsor policy, and long after the abdication of Edward VIII, the Windsors maintained their direct Nazi links. So, when Prince Philip, co-founder with Prince Bernhard of the Netherlands of the World Wildlife Fund (WWF), tells an interviewer that he hopes to be “reincarnated as a deadly virus” to help solve the “population problem,” he is just “doin’ what comes naturally” for any scion of the Anglo-Dutch oligarchy.
On Royal Nazis and the Scottish connection
- British Monarchy : NWO Prince Charles’s Ambassador For Schools In Europe, Arrested For Child Porn.
- NWO Prince Charlie Plotted To Transform The Entire Make-Up Of Britain Without Telling Us.
- German ancestry, Sexual perversion in the NWO Royal Family, Prince …
Prince Charlie Is Making Himself President Of Britain – Hold On To Your Lug Nuts Everyone – Does America Become Britain And Britain Becomes America? This Could Be The Most Surreptitious Man In The world!
AS LONG AS “WE THE PEOPLE” REMAIN IN THE DARK ~ THEY REMAIN DEAD SERIOUS.
The End Of The British Government ?
So, now we have a new situation. The old imperial system—and, some people may disagree with this, but there’s only one empire on this planet. It’s the British Empire. It’s not the empire of the British people; it’s the empire of an international monetarist system. And it’s the monetarist system, which is the empire.
The advantage of the United States in this, is that the United States is not a monetarist nation. We do not believe, in our Constitutional system, in monetarism. We believe in a credit system. It is a feature of our Constitution, which is lacking in Europe. And our crucial role, as was the case with Franklin Roosevelt, our crucial role in society, is to promote this kind of change, away from a monetarist system, which is the true form of imperialism. Many people talk about imperialism; they use the label for many things. Mostly, it’s nonsense, scientifically.
There’s only one kind of imperialism we’ve known, in European experience during the past 3,000 years, and that is monetarism, as such. And that’s what we have to destroy.Yes, there is a British domination of the planet, controlling the monetary system, as such, in the tradition of Keynes, and so forth. We have to eliminate that. But, we have to replace it with something, and this means going to a credit system, like that of the United States under Franklin Roosevelt, in which each nation’s credit system is sovereign. And you have cooperation, on a fixed exchange rate, among sovereign economies. We can cooperate in long-term creation of credit, for the fulfillment of these kinds of projects, which the present treaty-agreement between Russia and China signifies.
That’s what I’m committed to. I’m looking forward to it.And I think that we, who are conscious of these goals, of these kinds of goals, we wish to defend the sovereignty of cultures, the sovereignty of nation-states. We wish a system of cooperation among sovereign nation-states, for common ends, without tampering with the culture of the respective nations.We need to have a conception, a task-oriented conception, of the goals toward which we’re aimed, in the future—two or three generations. We have to have a conception of what are the steps we must take now, to realize those goals, three generations ahead. And I think we have the potential for doing that, just now: what’s happened between China and Russia, which is not going to stop there. It’s oriented toward bringing India in more fully. It’s going mean trying to create a situation in which India cooperates with Pakistan, in defending themselves, both, against what’s coming out of Afghanistan from European sources, in terms of drug-trafficking and so forth.There are many challenges of that type.
But we can achieve that. We can achieve that, provided we come to extend what has been agreed between China and Russia, extend that on a broader scale, as the beginning of a Pacific-oriented development of the planet as a whole. And at the same time, with a mission orientation toward the development of an industrial base on the Moon, which is indispensable for the task of the colonization of Mars.And when mankind has reached the point, that we have developed the launching of the colonization of Mars, and know it’s going to work, then mankind has gone to an entirely new phase of its existence. We are no longer Earthlings. We are now people of the Universe or, as they say in Russia, the Cosmos.
DID YOU KNOW__ that The British Monarchy Threatened America With War Should It Pass? This was kept out off the NWO Media In The U.S. Particulars are within the next two links.
- Glass Steagall Act With Stroke Of A Pen Will Nullify Derivative Debt: Europe To Effectively Restore Glass Steagall – Including Austria And Belgium!
- Glass-Steagall Act
THIS IS THE WHY FOR: CLIMATE WARMING FARCE, H1N1 FARCE, TERRORISM FARCE, GROPING AIRPORT FARCE, INTERNET SHUT DOWN FARCE, 9/11, AMERICA IS NO LONGER CHRISTIAN FARCE, OMITTING GOD IN OBAMA SPEECHES FARCE, ETC ETC ETC ETC. THE BRITISH MONARCHY ARE USING ALL THE POWER OF ‘THE CITY OF LONDON’ AKA; ROTHSCHILD/INTERNATIONAL BANKING CARTEL, TO USURP THE ESTABLISHED FINANCIAL NORM OF THE WORLD.
The Glass Steagall Principle is a War Between British and US Interests May 10, 2010 (LPAC)
—Sunday saw a worsening of the collapse-crisis of the euro, with the British euro-bailout policy apparently claiming the government of German Chancellor Angela Merkel. The 27 fools of “Ecofin” — the finance ministers of the the so-called Eurozone countries, which have all bankrupted themselves by bailing out their banks while their revenues plunged in the crash — met all day in a race to announce as many as three new bank bailouts before the Asian markets opened on Monday, when a new stage of collapse is expected.
Both British still-Prime Minister Gordon Brown, and British puppet Barack Obama, spent the weekend calling and pressuring Merkel for the new bailouts — which British Chancellor Alistair Darling said the UK intends to stay out of!
The international rate for overnight lending among banks known as LIBOR, which had not changed by as much as one-hundredth of a point for eight months, suddenly doubled, and all the bank-money conditions of the early 2009 debt freezeup rose again from where they had been lurking just under the surface.One action can suddenly and dramatically change the course of this disaster — an action by the United States, not Europe, and by Obama’s adversaries, not Obama.
That is the adoption of the Glass-Steagall policy long demanded by the most important of Obama’s adversaries, economist and statesman Lyndon LaRouche.LaRouche specified yesterday, as in Saturday’s webcast, that the Glass-Steagall principle is virtually a matter of war between Britain and U.S. constitutional interest:
“The clear threat to the United States of this British crisis, goes away if the U.S. adopts the Glass-Steagall policy put forward by Senators McCain and Cantwell. If it were to adopt the Glass-Steagall principle, then the British policy evaporates. If we go with my proposal, all of the crap is off the table: The United States is saved, the Brits go to Hell, and the Europeans are off thepresenthook. Their problem is still there, but now the problem can have a solution.”
It’s now clear that some people were confused about this. Some people in the Democratic Party have opposed this, and the infection was spread from there. That’s over. Nobody should be confused. The Glass-Steagall proposal from McCain and Cantwell is fully consistent with my intention and my policy over a long period of time.
“The U.S. adopting or coming close to adopting the Glass- Steagall policy would mean the sinking of the British pound. If we don’t sink this British policy, we lose civilization.””There’s a virtual landslide for this, out in the mass strike among the American people. Get it through!”
After Glass-Steagall Sabotage, Obama Must Be Impeached Now!On Monday, May 17, President Barack Obama met with Rahm Emanuel, and was informed by his chief of staff that a number of Democratic U.S. Senators were still insisting on the inclusion of the Glass-Steagall amendment and the restrictions on derivatives in the Dodd financial reform bill.
Emanuel had been engaged in round-the-clock negotiations, over the weekend, with a group of Senators, attempting to cajole, bribe and threaten them into dropping their amendments, and letting the Dodd bill go to a final vote, unchanged. In characteristic Nero fashion, the President went absolutely berserk, and demanded that all such Senate insubordination be crushed immediately.
He demanded that the Dodd bill be passed, as-is, by Thursday, May 20.Over the course of the next 72 hours, on Obama’s orders, Emanuel, Larry Summers, Majority Leader Harry Reid, and Sen.
Chris Dodd used every dirty trick in the book, to kill the Cantwell-McCain amendment, and the Lincoln-Cantwell amendment, which sought to reverse Dodd’s sabotage rewrite of the anti-derivatives measure already in the bill.
The White House even crushed the Levin-Merkley amendment, that would have incorporated the so-called Volcker Rule, limiting certain activities by commercial banks—demonstrating that Obama’s professed public support for the Volcker reforms were themselves pure lies.
While other factors were clearly at play, including a desperate Wall Street and City of London drive to kill every effort to strengthen the final bill, none of those factors mitigate against President Obama’s own, personal role in virtually guaranteeing the total destruction of the United States in the immediate weeks and months ahead.
He is accountable for his own actions, in killing off—for the moment—the restoration of Glass-Steagall and the banning of derivatives, the only two actions that could, at this late date, save the United States economy from a total collapse. Obama’s deeds well surpass the “high crimes and misdemeanors” standard for impeachment.
Polling data from the immediate 24-hour period following the Senate’s shameful Thursday night vote for the Dodd bill, without taking up the Cantwell-McCain amendment, the Cantwell-Lincoln derivatives language, or even the Levin-Merkley “Volcker Rule,” revealed that the overwhelming majority of Americans saw through the President’s lies and realized that the bill was a complete piece of filth.
Democratic voters who participated in the poll said they were sick and tired of the fake rhetoric and the lecturing. The across-the-board repudiation of the Dodd bill, and the posturing by the Senate leadership, and particularly the President, clearly registered among some of the President’s top White House aides.
Reportedly, Rahm Emanuel contacted Rep. Barney Frank, who was crowing in public about how he and Sen. Dodd were going to ram through the final House-Senate version of the bill by the Fourth of July, and ordered him, in his typical expletive-laden language to shut his mouth.
Lyndon LaRouche said today that “the American people are in a total rage against the Congress and against President Obama. Face it: Obama is the problem. Time for his impeachment is over-ripe. The honeymoon is over—and it was lousy.”
Obama Out To Kill Glass-Steagall, Pushes Hyperinflation
London vs. the Patriots
As LaRouche and various of his interlocutors pointed out during his May 8 webcast, the Glass-Steagall issue is not just one of banking. It cuts to the center of the strategic battle between the British financial empire, and the American System of economics, which is a model for all truly sovereign nation-states.It is lawful that the center of this battle would be Wall Street. Wall Street has been a center of treason throughout the history of the United States, and functions, in fact, as an army of the British empire.
The sophism that the health of “Main Street” (the physical economy on which the standard of living of the American people is based) depends upon the health of “Wall Street,” as President Obama has argued, is more than ludicrous—and most of the American people know it.
In fact, the rage of the U.S. population against Wall Street’s rip-offs, and the bailouts given to the international banks, is only growing. As a result of the collaboration of a network of prosecutors, such as New York State’s Attorney General Andrew Cuomo, Securities and Exchange Commission head Mary Shapiro, and others, Goldman Sachs’s crimes were brought up before public hearings.
Now, prosecutions are multiplying, with Federal criminal investigations of virtually all the big Wall Street banks, for trading against the interests of their clients—and, one might honestly say, their country.
Over just the last week, Attorney General Cuomo announced several new probes, including of U.S. branches of several major European banks. He is also looking into manipulation by the rating agencies, a criminal practice, well known from the outbreak of the current breakdown crisis in 2007.
(Remember, AAA ratings for junk?) Under Glass-Steagall regulations, the problem of these banks can be easily taken care of. Entities such as JPMorgan Chase and Citibank will have to decide whether they will be commercial banks, or investment (gambling) houses.
If the latter, they will no longer have government protection—and they, and their illegitimate debts, will disappear. Legitimate banking functions, however, will be protected—and banks that practice those will be opened up to be lenders for the kinds of massive infrastructure projects we so desperately need.
This is the only pathway to recovery, and it lies within the grasp of the American people, if they listen to Lyndon LaRouche.
lRestoring Glass-Steagall is the first step toward realizing the prosperity, at home and abroad, which Franklin D. Roosevelt envisioned after World War II. The British sabotaged that vision then; they must not be allowed to do so again.
Whats the status of The Glass Steagall Act?
“Bailout Barney” is Personally Sitting On, And Blocking, Glass-Steagall Revival September 8, 2010 • 7:52AM
As the U.S. economy and financial system continue to careen into the breakdown crisis, there are four pieces of legislation before the U.S. Congress — one in the Senate and three in the House of Representatives — which would revive FDR’s Glass-Steagall provisions.
All three of the House bills, which were introduced in December 2009, were referred to Barney Frank’s Financial Services Committee, where they have yet to receive a hearing.
This is on top of the fact that Frank personally refused to permit one of the bills, that by New York Democrat Maurice Hinchey, to be added to the House Financial Reform bill as an amendment.
The three House bills are: H.R. 4375, The Glass-Steagall Restoration Act, introduced by Hinchey and joined by 14 co-sponsors; H.R. 4377, The Return to Prudent Banking Act, introduced by Rep. Marci Kaptur (D-OH), with 2 co-sponsors; and H.R. 4461, the Banking Integrity Act, introduced by Rep. John Dingell (D-MI), with no co-sponsors.
The Senate bill, as is well known, is that introduced by Senators Maria Cantwell (D-WA) and John McCain (R-AZ), called the Banking Integrity Act (S. 2886), with 6 co-sponsors.There is, of course, one simple way to move the Glass-Steagall bill in the House, and that is to remove the major immediate obstacle to its passage: Barney Frank.
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