They say that politics makes strange bedfellows, and apparently, that saying holds true for economics. Senators Elizabeth Warren and John McCain have joined forces in the fight to make banking boring again.

Last week, the progressive senator from Massachusetts teamed up with the far-right conservative from Arizona to introduce legislation that would reinstate the Glass-Steagall Act.

That bill was originally enacted in 1933 to separate commercial banking and investment banking, and prevent Wall Street from gambling with the federally-backed deposits of everyday Americans. That law was quite successful until it's repeal during the Clinton Administration, when then-Senator Byron Dorgan warned us of the inevitable damage that would be caused by allowing Wall Street to blur the lines between banking and making risky investments.

Senator Dorgan said, "I think we will look back in 10 years' time and say we should not have done this, but we did because we forgot the lessons of the past and that that which is true in 1930s is true in 2010."

And, just about 10 years after that statement, the too-big-to-fail banks crashed our economy and held out their hands for a bail out.

Thankfully, Senators Warren, McCain, and others are working to undo some of that damage and reinstate the law that helped keep Wall Street in check. According to Senator Warren, the bottom line is that "Despite the progress we've made since 2008, the biggest banks continue to threaten our economy."

It only took banks a decade to remind us why we needed these important regulations, yet we've barely held these too-big-to-fail banks responsible for their crimes. Reinstating Glass-Steagall could be a monumental step towards protecting our economy and turning banking back into the safe, boring profession that it should be.

Call your Senators today and tell them to support the re-instatement of Glass-Steagall.

-Thom

(What do you think? Tell us here.)

  

Tonight on The Big Picture on RT TV at 7pm and 10pm... No Show Tonight (check your local listings for stations or stream at RT or Free Speech TV, and catch past shows on Youtube)

 

Be sure to check out our newest video: RESTORATION - narrated by Leonardo DiCaprio & Thom Hartmann, directed by Leila Conners / Visit GreenWorldRising.org to check out all the videos: CARBON, LAST HOURS & GREEN WORLD RISING - narrated by Leonardo DiCaprio & Thom Hartmann, directed by Leila Conners

 

There will be no live show tonight due to studio maintenance.

 

Tuesday's Daily Stack 

Hour One: We Have A Deal With Iran! What Does It Mean Going Forward?
- Bob Ney, Talk Radio News Service/Sideswiped: Lessons Learned Courtesy of the Hit Men of Capitol Hill 

Article: "Iran nuclear talks: 'Historic' agreement struck" by BBC.

Article: "'Argo' helps Iran's dictatorship, harms democracy " by Abolhassan Bani-Sadr.

 

Article: "Hillary, Bernie, Endorse Iran Deal as Republican Presidential Candidates Vow to Re-Impose Sanctions If Elected" by JNi.Media.

Article: "George W Bush charged veterans' charity $100,000 to speak at fundraiser" by Tom Dart.

Twitter: "47Traitors".

Article: "Nayirah (testimony)" by Wikipedia (Nayirah stated that after the Iraqi invasion of Kuwait she had witnessed Iraqi soldiers take babies out of incubators in a Kuwaiti hospital, take the incubators, and leave the babies to die.).

Article: "Rubio campaign reports $12 million haul" by Julie Bykowicz.

The good: "Azura wave energy system deployed in Hawaii" by Ben Coxworth .

The bad: Doug McKelway: "Fox News Reporter Wonders If U.S. Capitol Will Be Banned After Confederate Flag Removal In South Carolina" by Media Matters.

The very, very ugly: "Trump Reportedly Tells Group US Should Have Invaded Mexico Instead Of Iraq" by Catherine Thompson.

Site: Mondragon Corporation

Book: "Threshold: The Progressive Plan to Pull America Back from the Brink" by Thom Hartmann.

Article: "Sen. Hillary Clinton" by Open Secrets.

Bible: "Matthew 6:5-6" "But you, when you pray, go into your inner room, close your door and pray to your Father who is in secret".

Hour Two: How Does A Catholic Defend Capitalism?
- Neil McCabe, Townhall/Gravis Insights   

Article: "Pope calls for new economic order, criticizes capitalism" by Philip Pullella and Sarah Marsh.

Article: "35 Mind-Blowing Facts About Inequality" by Larry Schwartz.

 

Article: "Bernie Sanders Courts Martha's Vineyard Donors" by Jonathan Martin.

Article: "Transcript: Bin Laden determined to strike in US" by CNN (August 6, 2001).

Article: "'Koch Brothers' Puppet' Scott Walker Announces Presidential Run" by Anastasia Pantsios.

Article: "Wisconsin's Scott Walker enters Republican race, vowing to fight for America" by Steve Holland and Brendan O'Brien ( a small plane flew above the event site towing a banner that read "Scott Walker has a Koch problem").

Article: "So I go to the Scott Walker rally..." by Mandela Barnes.

Documentary: JFK: A President Betrayed.

Documentary: 'I Killed JFK' Producer: We Have Confession of Alleged JFK Killer.

Book: Not in Your Lifetime: The Defining Book on the J.F.K. Assassination by Anthony Summers.

Book: Goddess: The Secret Lives of Marilyn Monroe by Anthony Summers.

Song: "Eve of Destruction" by Barry McGuire.

 

Talk Radio News Segment:
- Bob Ney 

Article: "World Powers Reach Final Agreement With Iran" by William McDonald.

Article: "Boehner "Skeptical" Of Iran Deal" by William Hadden.

Article: "Netanyahu: Iran Deal Is A 'Historic Mistake'" by TRNS.

Article: "Clinton Hesitant Over Iran Deal, However Considers It 'Important Step'" by Patrice Harris.

Article: "House Foreign Affairs Committee Explores Doubts In Iran Nuclear Deal" by Anna Merod.

Article: "Obama Praises Iran Deal, Warns Of Veto Threat If Rejected" by William McDonald.

Article: "Readout: Obama Calls Netanyahu On Iran" by Sydnee Fried.

Article: "Graham: Iran Deal 'Akin to Declaring War' on Israel" by Josh Rogin.

Article: "U.S. House Republicans unveil $8.1 bln short-term transport bill" by Reuters.

Article: "Read: Scott Walker's presidential campaign announcement speech" by Andrew Prokop.

Video: Full Scott Walker Presidential Announcement Speech Compressed.

Article: "2016 GOP Hopefuls Meeting with Key Donors at Koch Party" by Sandy Fitzgerald.

Article: "The dark money man behind the Donald" by Alex Lazar.

Site: "Goats for the old Goat".

Site: Governor Free Don Siegelman.

Article: "TRNS News Notes- 7/14" by Victoria Jones.

Article: "TRNS News Notes- 7/13" by Victoria Jones.

Article: "Transcript of prank Koch-Walker conversation".

Book: "Legacy of Secrecy" by Lamar Waldron with Thom Hartmann.

Bible: "Matthew 6:24" "No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.".

Law: "Glass-Steagall Act", 1933.

Article: "Financial adviser: Clinton won't push Glass-Steagall bank bill" by Peter Schroeder.

Article: "Hillary Clinton Offers Her Vision of a 'Fairness Economy' to Close the Income Gap" by Amy Chozick.

Quote: "Read my lips: no new taxes" - George H. W. Bush".

Article: "Transcript: JFK's Speech on His Religion", Sept. 12, 1960.

Article: "Evangelicals Aim to Mobilize an Army for Republicans in 2016" by Jason Horowitz March 15, 2015.

Article: "Ted Cruz's Father Suggested His Son Is 'Anointed' to Bring About 'End Time Transfer of Wealth'" by Bruce Wilson.

Article: "Mutual assured destruction" (MAD) by Wikipedia.

Article: "Bernie Sanders on Gun Control " by OnTheIssues.

Site: Progressive Democrats of America

 

Article: "Our Common Future Under Climate Change: The Challenge and Opportunity" by Tom Schueneman.

Article: "Group Calls on FDA to Order Coca-Cola to Stop Claiming Diet Soda is a Treatment for Obesity" by Corporate Crime Reporter.

Article: "Ancient bobcat buried like a human being" by David Grimm.

Article: "Will The White House Fix The GMO Approval Process?" by Genna Reed.

Article: "This 100 Percent Electric Eighteen-Wheeler Just Hit The Road In Germany" by Ari Phillips.

Wednesday on The Thom Hartmann Program, 12-3pm ET 

 

We'll have the latest news and information...everything you need to know to win the water cooler wars...

 

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Sincerely,