Friday, May 21, 2010

LaRouche Demands Congress Shut Down Derivatives

LaRouche: Unless the Congress shuts down Derivatives and implements Glass Steagall the US citizenry won't accept any decision from this Congress
Lyndon LaRouche issued the following statement today in response to the vote in the U.S. Senate to end debate on the so-called Financial Reform Bill:
"The issue is if somebody tries to push this bill through without Glass Steagall and the Cantwell-Lincoln amendment to close the Dodd loophole on derivatives, then the U.S. citizenry won't accept any decision from this Congress as legitimate. The citizenry will not recognize the Congress or its authority. They will view it as a corrupt institution which must be purged. We are in a mass strike mode. If congress rigs the process to ram through the President's demands, the citizenry will revolt against Congress and the President. And they will do so based on the authority of the Constitution of the United States of America. The people of the U.S. won't stand for this. The authority of the Constitution is in my hands and I am exerting it. I am confident the people of the United States will support me in this. Those who disagree dont understand the people of the United States and their temperament."

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