Alþingi Erindi nr. Þ 141/1972 komudagur 18.3.2013

From: Michelle Rasmussen rmailto:[email protected] Sent: 18. mars 2013 14:32 To: Heimir Skarphéðinsson Subject: Opinion about bank separation motion 239 Opinion about motion 239 before the Althingi Economic and Trade Committee

The Schiller Institute, and the international political campaign associated with the American economist Lyndon LaRouche, urge you to pass the bank separation motion nr. 239 on your agenda tomorrow. This will not only be important for Iceland, but also for many other countries which are considering bank separation legislation. In the U.S., House Resolution 129 for bank separation on the 1933 Glass-Steagall model, is now gathering co-sponsors. There were 85 co-sponsors during the previous session 2012 (introduced as H.R. 1489). There are also Glass Steagall resolutions pending in eleven U.S. state legislatures, with South Dakota being the first to pass their resolution. (See here: http://larouchepac.com/hr129support) Bank separation legislation is being discussed, or has been, in the parliaments of Italy, Belgium, Switzerland and Sweden. There is also a major public debate about the question in the U.K., Germany and France, though legislation has not yet been proposed.

Here is a link to the international legislation that has been proposed that we are aware of, as of the middle of January 2013: http://larouchepac.com/files/20130114-global-gs-support 0.pdf

Iceland has chosen to follow a different path than austerity and maintainance of the speculative financial values, as is being done in too many other countries. Therefore, we hope that the Icelandic Althingi can also show the way towards full bank separation -- the most important first step for a recovery of the general welfare, and the production- based, not speculation-based economy.

Sincerely,

Michelle Rasmussen, The Schiller Institute in Denmark and Ulf Sandmark, The Schiller Institute in Sweden