Steve Neubeck
Steve Neubeck

glass steagall is only 35 pages long and is to the point where as dodd frank has so many question marks it is no wonder that the banksters are back to doing what they did to screw up the economy.

Jon Nelson
Jon Nelson

The American Banking system has already proven that its a scam if the economy fails. Its already shown us that. That is the last place I'd ever put my money or investments. That's first place that Mr.O will go again to bankrupt America. The next phase though is getting hold of our 401K programs and then the mutual fund programs. Study socialism and you can see how we're be stone walled and how O is working to destroy democracy.

John A Randolph
John A Randolph

Today there is nothing in place to let these 1% criminal bastards pull off another 2008.

Ronnie Ortiz
Ronnie Ortiz

while I agree w/ this basic idea, where are the details on this bill? Def' need to add some info. to this petition 'cause even if the wording is a little long, it's informational.

T.M. Scruggs
T.M. Scruggs

The repeal of this act led to the accumulation of even more monopoly power than ever, letting banking corporations get to the size of blackmailing any politicians (ahem, elected by US) to not touch them as they are "too big to fail." Restoration of this act will be an important step in reigning in a bit of their overreach.

Stephen Reid
Stephen Reid

The U.S. government won't be able to bail them out next time.

Jenai Herod
Jenai Herod

Wells Fargo is out of control. I hear more people complaining about forclosures and repossessions than just about any other

Sue Donovan
Sue Donovan

We need to restore Glass-Steagall & get rid of Citizens United.

Timothy B. Willoughby
Timothy B. Willoughby

Makes no difference to our economy at all. I agree that the printing shop must stop immediately but the gold standard is far to limited for our economy. The US is growing in population and need for fiat currency to holds to a single standard. The examples of inflation, stagnation, and deflation are apparent in our own economy. FDR almost ended it in 33 but with England dropping it he didn't. In retrospect we would have recovered much faster had we stored it then. it seems like the perfect...

Makes no difference to our economy at all. I agree that the printing shop must stop immediately but the gold standard is far to limited for our economy. The US is growing in population and need for fiat currency to holds to a single standard. The examples of inflation, stagnation, and deflation are apparent in our own economy. FDR almost ended it in 33 but with England dropping it he didn't. In retrospect we would have recovered much faster had we stored it then. it seems like the perfect solution but for example at the standard ratio of 5.7 to 1 liabilities to gold on hand if everyone took their paper bills, checking balances, and their savings acct balances to the fed for gold tomorrow the payments in gold would collapse at 3.5% of currency redeemed. That being said just to accomodate in the US gold would have to be valued at $6000 per ounce just to get to the 5.7 to 1 standard. Considering we are still carying 75% of our reserve in gold is redunculous especially since our reserve value was only worth 1/5th of its current standing in 99. The dollar headed down, price of gold up...... Not because of the lack of a gold standard but because of common sense markets. Even in world markets the fiat currency used exceeds todays value/reserves of gold. With roughly 150,000 metric tons of known gold in the WORLD that is still only 45% of the worlds backing needed for the currencies used. No other countries use it as a sole basis because we can't and deflation only helps the rich along with gold owners and there are VERY FEW lower/middle class families who have their assets in gold. The 85% of this country who hold most of the debt would be hurty the most and THE BANKS WOULD PROFIT THE MOST. All the loans out would increase in value proportionately to the dollar but when adollar buys more you get paid less and tte biggest setback for all of us would be when the dollar increases in value it buys more, however a closed system only has so many dollars in it income wil decrease. The debt on the other hand will stay exact and every dime of dollar value increase will go straight to the banks! That's a fact not a guess. The economic adjustment will not include loan payments and will give banks a huge increase in buying power with just your support for the gold standard and you getting more for your dollar in a fixed system.....think about it!

Peter N Fran Clark
Peter N Fran Clark

I work during tax season for H&R Block. Today I met a very nice, hardworking woman who was no longer able to make her mortgage payments. Like many Florida residents, she was underwater on her mortgage. Then her employer changed her job description & she had to relocate. At the moment, if the bank forecloses & sells the home for less than the mortgage balance, at least she won't have to pay taxes on the "debt forgiveness." I had to tell her there's a possibility Congress will do away with...

I work during tax season for H&R Block. Today I met a very nice, hardworking woman who was no longer able to make her mortgage payments. Like many Florida residents, she was underwater on her mortgage. Then her employer changed her job description & she had to relocate. At the moment, if the bank forecloses & sells the home for less than the mortgage balance, at least she won't have to pay taxes on the "debt forgiveness." I had to tell her there's a possibility Congress will do away with that tax break. (Heaven forbid they should raise marginal income tax rates on the wealthy.) Even though her taxes helped bail out the big banks whose irresponsible lending practices led to the "banking crisis" in the first place, she may end up having to pay yet more in taxes to bail out a government that borrowed in order to enable the Bush tax cuts in the first place. She doesn't deserve to be treated this way by the banking system & she sure as heck doesn't deserve to be treated this way by her government.

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