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If Senator Grassley fails to support to the Glass-Steagall amendment, that action by itself will signal to Iowans that he is on the side of unbridled greed by Wall Street firms instead of the financial safety and security of working Iowans,” said Fiegen.

Press Release

For Immediate Release: Noon  5/17/10

Glass-Steagall Amendment to S.3217 Restoring American Financial Stability Act of 2010
 
Clarence, Iowa – The following is a statement from U.S. Senate candidate, Tom Fiegen regarding the Glass-Steagall Amendment (S.A. 3884) to S.3217 Restoring American Financial Stability Act of 2010, which amendment has been co-sponsored by Senators Cantwell (D-WA), McCain (R-AR), Kaufman (D-DE), Harkin, (D-IA), Feingold (D-WI) and Sanders (I-VT):

“Senator Cantwell’s amendment to restore the Glass-Steagall Act and to separate the ownership of banks, investment firms and insurance companies is a critical and necessary step to restore the confidence of working Americans in our banks and our political system. “ I call upon Senator Chuck Grassley to add his name as a co-sponsor and to vigorously support restoring the protections of the Glass-Steagall Act.  This is especially important because Senator Grassley lead the fight to repeal the Glass-Steagall Act in 1999, which lead to the disastrous meltdown of our financial system in 2008, triggering the longest and deepest recession since the Great Depression,” said Fiegen.

“If Senator Grassley fails to support to the Glass-Steagall amendment, that action by itself will signal to Iowans that he is on the side of unbridled greed by Wall Street firms instead of the financial safety and security of working Iowans,” said Fiegen.

For more information contact:

Tom Fiegen

Fiegen for U.S. Senate
P.O. Box 279
Clarence, Iowa 52216

(319) 438-2010
(319) 654-6060

http://www.fiegenforussenate.com

Originally posted to Fiegen US Senate to Retire Grassley on Mon May 17, 2010 at 09:15 PM PDT.

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