People think that money is safe in the big banks because the FDIC will protect the deposits. This assumption is not based on the facts. This video will show official government documents that describe the plans for confiscating deposits when, (not if) a big bank fails. Individual, as well as public funds from municipal, university, county deposits are at serious… Continue reading "Public Funds At Risk In The Big Banks"
Tag: Glass Steagall
Glass-Steagall: War on Wall Street Lyndon LaRouche launched three critical flanks: 1. A new Pecora Commission must be convened; 2. We need a full expose of who in Congress actually belongs to Wall Street; 3. In the wake of what has come to light in the Detroit bankruptcy, we need a list of the crimes committed by Wall Street in… Continue reading "Glass-Steagall: War on Wall Street"
Repost of Tom Woods article about a topic that has been discussed in length by Lyndon LaRouche… ‘Repeal’ of Glass-Steagall Irrelevant to Financial Crisis Although we’ve heard a great deal about how “deregulation” caused the financial crisis, specific cases of repealed legislation that would have prevented it are few and far between. The one some progressives seem to have settled… Continue reading "Glass-Steagall Red Herring"