162 State, National Groups and Individuals urge U.S. Senate to pass 21st Century Glass-Steagall Act

The Secular Jurist

WASHINGTON, D.C. – On the 81st anniversary of the signing of the Glass-Steagall Act of 1933, 162 state and national organizations led by Public Citizen and Americans for Financial Reform today call on the U.S. Senate to restore a wall between ordinary banks and riskier investment banks.

In a letter, the groups ask senators to co-sponsor the 21st Century Glass-Steagall Act (S. 1282), a measure introduced by a bipartisan group including U.S. Sens. Elizabeth Warren (D-Mass.), John McCain (R-Ariz.), Angus King (I-Maine) and Maria Cantwell (D-Wash.). S. 1282 now has nine Senate co-sponsors.

S. 1282 would make the banking system simpler and safer and help bring an end to the era of “Too Big to Fail,” the letter argues. It would do so by requiring the biggest banks to downsize along functional lines and by reducing the opportunities for them to use their government guarantees and subsidies to engage…

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Recession linked to more than 10,000 suicides in North America, Europe

The Secular Jurist

(HealthDay News) — The Great Recession that began in 2007 appears to have taken more than a financial toll: New research suggests that the economic downturn could be linked with more than 10,000 suicides across North America and Europe.

The study found that between 2008 and 2010, rates of suicide surged in the European Union, Canada and the United States. The increase was four times higher among men than women, according to the report published in the current issue of the British Journal of Psychiatry.


Commentary by The Secular Jurist:  The blood from these deaths stains the hands of Wall Street, the international banking cartel, the political leaders who enabled it , their loyal rank & file members, all the voters who supported them, and all the non-voters who chose not to participate in democracy.

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