Reinstate the Glass-Steagall Act
Disclaimer: Letters to the Editor express the opinion of the writer and are not necessarily the opinion of WBIG ownership, management or staff.
We need the Glass-Steagall Act reinstated, now. This country cannot go on repeating history over and over again. How many times are we going to collapse? It never hurts them like it does the common people with high gas, food, taxes and utility prices. The main problem is that our dollar is losing value thanks to the Federal Reserve that doles out the money to the government and charges them interest on our money. Yes, our money!
We are trillions of dollars in debt. This same Federal Reserve also bailed out Wall Street with trillions of dollars and the “too big to fail” banks run by the Rothschilds and the Rockefellers of London. Bank of America, HSBC and Chase bank. These banks are destroying our economy and are a major problem to our livelihood. The Glass-Steagall Act, officially known as the Banking Act of 1933, separated the banks from Wall Street so we had honest banking system. It also erected a firewall between commercial banks. It’s all gone. We now have a global banking system tied up with Wall Street, a big, dangerous ponzi scheme. We are the ones getting hurt and the banks hate this legislation. If everyone would please pick up your cell phone and call your congressman it will help. It’s free. Ask Matt Cartwright to co-sponsor the Glass-Steagall Act, HR129, at 1-202-225-5546. They must be stopped before they start taking money out of our accounts. What happens in Europe will soon be here.
Dorene Schutz, Wilkes-Barre
