May 25th 2010 -- The Rachel Brown Campaign, currently running against "Bailout-Barney" Frank, issued the following endorsement of a legislative resolution recently posted on LaRouchePAC.com, calling for an immediate reinstatement of the Glass-Steagall Act of 1933:

"In the wake of Senator Scott Brown's betrayal of the constituency that voted him in, and more generally, the American People, by his caving-in last Thursday and voting to end the debate for the Dodd financial reform bill, it is now time for us real American patriots to recruit an army of support for a continued escalation demanding a Glass-Steagall policy of real financial reform and re-regulation. The resolution that I support is for immediate passage in State Legislatures, City Councils, local, state and city Democratic/Republican party committees, Tea Parties, personal endorsements, etc.

"It is time to demand more than a corrupt, and empty suit for a change, but a policy and a plan for rebuilding our nation's destroyed economy that we must fight for, now. This Glass-Steagall resolution is the best shot that we have at this; so mobilize like hell, scare the pants off the bail-out-swindlers at Goldman Sucks, State Street Bank, their lackeys in the U.S. Senate, and House, and help swell a storm of support for this resolution, today!"

Reprinted below is the resolution, as currently posted at: http://www.larouchepac.com/node/14576 .

Draft LPAC Resolution:

To Save Our Nation Congress Must Pass Glass-Steagall and Shut Down Derivatives Now!

WHEREAS, the leadership of the U.S. Senate has sabotaged the inclusion of the Cantwell-McCain Glass-Steagall amendment into the so-called financial reform bill, thus leaving our banking system vulnerable to the ongoing blowout of the world financial system, as such is anticipated by the current freeze-up of bank lending, and the 1000 point "flash" drop in the U.S. stock market; and

WHEREAS, that same leadership, under pressure from the Obama Administration and Wall St., has similarly removed any significant enforcement mechanism from that "reform" bill in respect to the trading of derivatives, and has given every indication, as of May 24, that they intend to remove the Lincoln amendment which imposes restrictions on banks' trading in derivatives, from the bill entirely during Conference discussions with the House of Representatives; and

WHEREAS, the re-imposition of the Constitutional Glass-Steagall principle that separates commercial from speculative banking, and the shutdown of the hundreds of trillions dollar derivatives casino—both measures which have been strongly promoted and supported by leading economist Lyndon LaRouche—are the indispensable, and inseparable, first steps for saving the U.S. economy, and creating the basis for the launching of a real economic recovery program based on massive infrastructure projects;

THEREFORE, be it resolved that ____________________ demands that Congress immediately act to pass the Cantwell-McCain Glass-Steagall amendment (or law), and to adopt measures which will lead to the shutdown of the derivatives market, starting with the Cantwell-Lincoln amendment to the Dodd bill.