Candidate Outreach On Glass-Steagall

June 8, 2010 (LPAC)—Several Congressional candidates in New Jersey and Massachusetts, contacted by LaRouche PAC from Virginia, have responded favorably to the re-instatement of Glass-Steagall.

Bruce Baker, primary candidate in New Jersey's 7th Congressional Reublican primary, stated unequivocally he supports reinstatement of Glass-Steagall.

Gary Stein, Democratic candidate seeking the New Jersey 2nd District seat now held by Republican Frank Lobiondo, answered the LPAC query by pointing to his published attack on Lobiondo's perfidy in voting for the repeal of Glass-Steagall in 1999.

Gerry Demobrowski, Republican primary candidate for the Massachusetts 7th CD seat now held by Democrat Ed Markey, said he would support the reinstatement of Glass-Steagall "as long as it wasn't watered down, [or] ladened with earmarks and amendments amending other laws," and if it has teeth in it to punish use of depositors' funds for speculation.

Three other New Jersey Congressional candidates, a Republican, a Democrat and a Constitution Party nominee, and another Massachusetts Republican candidate, indicated support for Glass-Steagall and wanted to educate themselves on the measure as a decisive step to solving the collapse.