PETITION CLOSED

  • The time period for signing this petition has ended.
  1. Signatures
    95 out of 100
    Petitioning
    1. United States Congress
  2. Created By
    Disabled Dad
    Vacaville, CA
About this Petition Petition Letter Petition Updates

After our "last depression" the Glass-Steagall Act was enacted in 1933 after the US Banking failures of 1929, the fuse to the Great Depression. It created the FDIC, federally insured deposits and PREVENTED BANKS FROM COMINGLING MONEY FOR DEMAND DEPOSITS and MONEY FOR INVESTMENT BANKING. FOR 70 years everything was OK but two things stand out, How could ANY CONGRESSPERSON SEE ANY POSITIVE RESULT IN REPEAL OF THIS ACT and after the spineless US Congress repealled it in 1999 it only took 7 years to destroy our economy, just as the failure to have such a law was the catalyst of our last great depression.

Why People Are Signing
Recent Signatures

Re-Instate the Glass-Stegall Act

Greetings,

I just signed the following petition addressed to: United States Congress.

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Re-Instate the Glass-Stegall Act

After our "last depression" the Glass-Steagall Act was enacted in 1933 after the US Banking failures of 1929, the fuse to the Great Depression. It created the FDIC, federally insured deposits and PREVENTED BANKS FROM COMINGLING MONEY FOR DEMAND DEPOSITS and MONEY FOR INVESTMENT BANKING. FOR 70 years everything was OK but two things stand out, How could ANY CONGRESSPERSON SEE ANY POSITIVE RESULT IN REPEAL OF THIS ACT and after the spineless US Congress repealled it in 1999 it only took 7 years to destroy our economy, just as the failure to have such a law was the catalyst of our last great depression.
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Sincerely,

[Your name]

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