Trump wants it:
Q: Are you still committed to restoring Glass-Steagall?
SPICER: Yes.
[source : Spicer Affirms Trump Support for Glass-Steagall, EIR, http://www.larouchepub.com/pr/2017/170309_trump_support_gs.html, 9th March 2017]
The Republicans want it:
We support reinstating the Glass-Steagall Act of 1933 which prohibits commercial banks from engaging in high-risk investment.
[source : Republican Platform 2016]
And the Democrats want it too:
Banks should not be able to gamble with taxpayers’ deposits or pose an undue risk to Main Street. Democrats support a variety of ways to stop this from happening, including an updated and modernized version of Glass-Steagall as well as breaking up too-big-to-fail financial institutions that pose a systemic risk to the stability of our economy.
[source : 2016 Democratic Party Platform]
Everybody wants Glass-Steagall.
Everybody, that is, except Wall Street.
And what Wall Street wants Wall Street gets.
So Bonesman Mnuchin announced a week or so ago that there will be no Glass-Steagall.
Bomber Trump: bombs Syria after telling Obama scores of times not to bomb Syria and then says Obama should have bombed Syria years ago; continues Obomber's pivot-to-Asia with an unnecessary provocation of North Korea; signs a whopping $350 billion weapons and defence deal with the Saudis (who he accused of doing 9/11); and is building an alliance with the Saudis (who did 9/11 and unleashed the cutthroat Jihadis onto Libya and Syria) and other brutal Gulf dictators against Iran (who didn't do 9/11, is fighting ISIS and recently held free and fair elections).
Oh, and not forgetting Bomber Trump creeping into Somalia to finish off that plan revealed to General Wesley Clark shortly after 9/11.
Perhaps the only good things Trump has done is try to revive the US coal industry and not move the US Embassy in Israel from Tel Aviv to Jerusalem.
But apart from that, a complete sell-out.
But at least the multi-millionaires at Infopervs will get their yuuuge tax cuts. So, phew.
No comments:
Post a Comment