GOP Freshman Reflects LaRouchePAC Mobilization: 'All These People Are Talking About Glass-Steagall, Glass-Steagall'

http://larouchepac.com/node/27405

GOP Freshman Reflects LaRouchePAC Mobilization: 'All These People Are Talking About Glass-Steagall, Glass-Steagall'

July 19, 2013 • 9:23AM

At a small subcommittee panel of the House Government Oversight Committee, considering "The Impact of Dodd-Frank on Community Banks", GOP freshman Congressman Ron DiSantis of Florida reflected the high impact of the LaRouchePAC mobilization into Washington this week.

Questioning three witnesses, DiSantis immediately said, "All these people around here are talking now about Glass-Steagall, Glass-Steagall, saying that the repeal of Glass-Steagall caused the bank crash. Do any of you agree with that?"

LaRouchePAC team on Capitol Hill July 18, 2013.

The first witness to respond was former Congressman Brad Miller (D-NC), now associated with a community banking group. Miller did agree: "It did. I think the repeal of Glass-Steagall at least had a big role in making these banks too big to fail." And a second witness, Wake Forest law Professor Tanya Marsh, "I believe the answer to the problem is to split them [the banks] up functionally as Glass-Steagall did, not by size." The third witness, George Mason University research fellow Hester Pierce, pooh-poohed the Glass-Steagall idea, "it makes a good marching slogan, but other factors were more important" — also obviously referring to the ubiquitous LaRouchePAC mobilization.