New Glass-Steagall Legislation Must be Passed by Congress

New Glass-Steagall Legislation Must be Passed by Congress

There is often some confusion about Glass-Steagall.  Two separate laws were passed, and both received the label.  In 1932, the Glass Steagall Act was passed and gave the Federal Reserve Board more ability to protect banking clients in the eventuality of default. The Banking Act of 1933 is also referred to as the ‘Glass-Steagall Act,’ […]

PRISM could be Obama’s Watergate

PRISM could be Obama’s Watergate

When whistleblower Edward Snowden released information to the UK Guardian, he unleashed a growing furor around the world.  What most Americans believed became fact.  Our government was violating the Constitution.  Could PRISM become Obama’s Watergate? A grassroots movement has begun in at least 20 cities across the country.  It is being called “1984 Day,” named […]