Colorado River Tea Party – Yuma
Meetings are held at
Community Christian Church
6480 E.Hwy. 95-Yuma, AZ 85365
(In last building behind church)
Tea Party Meetings:
On The 1st & 3rd Thursdays
From 6pm to 7pm
Except for Holidays
Join the Colorado River Tea Party (free ) and receive their weekly newsletter,
E-mail your request to ColoradoRiverTeaParty@yahoo.com with your name.
Also follow us on Facebook at Colorado River Tea Party
We have friends in other organizations.
Some of them include:
Arizona Freedom Alliance
Concerned Veterans 4 America
Americans for Prosperity
MEETING and EVENTS SCHEDULES
Thursday, April 20, 2017
6 – 7 pm
Connie Uribe Candidate
for Yuma County Repub. Central Committee
Thursday, May 4, 2017
6 – 7 pm
Thursday, May 18, 2017
6 – 7 pm
Speakers & other Educational programs
may be added to or rescheduled for our
regular meetings as they become available.
For More item information contact firstname.lastname@example.org
The Tea Party, Conservatism, and the Constitution
Reprinted by permission from Imprimis, a publication of Hillsdale College.
Charles R. Kesler
Editor, Claremont Review of Books
CHARLES R. KESLER is the Dengler-Dykema Distinguished Professor of Government at Claremont McKenna College and editor of the Claremont Review of Books. He received his A.B., his A.M., and his Ph.D. in government from Harvard University. He is editor of the Signet Classic edition of The Federalist Papers; editor of and a contributor to Saving the Revolution: The Federalist Papers and the American Founding; co-editor, with William F. Buckley, Jr., of Keeping the Tablets: Modern American Conservative Thought; and author of I Am the Change: Barack Obama and the Future of Liberalism.
The following is adapted from a speech delivered on October 21, 2013, at Hillsdale College’s Allan P. Kirby, Jr. Center for Constitutional Studies and Citizenship in Washington, D.C., sponsored by the AWC Family Foundation Lecture Series.
The Tea Party movement is named, of course, for the famous event in late 1773 when cases of tea were dumped unceremoniously into the Boston harbor. Continue reading
AzCDL (ARIZONA CITIZENS DEFENSE LEAGUE) believes that the emphasis of gun laws should be on criminal misuse and that law-abiding citizens should be able to own and carry firearms unaffected by unnecessary laws or regulations.
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Definition of ‘Glass-Steagall Act’
An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment banking business. The Glass-Steagall Act was sponsored by Senator Carter Glass, a former Treasury secretary, and Senator Henry Steagall, a member of the House of Representatives and chairman of the House Banking and Currency Committee. The Act was passed as an emergency measure to counter the failure of almost 5,000 banks during the Great Depression. The Glass-Steagall lost its potency in subsequent decades and was finally repealed in 1999.
Investopedia Says Investopedia explains ‘Glass-Steagall Act’
Apart from separating commercial and investment banking, the Glass-Steagall Act also created the Federal Deposit Insurance Corporation, which guaranteed bank deposits up to a specified limit. The Act also created the Federal Open Market Committee and introduced Regulation Q, which prohibited banks from paying interest on demand deposits and capped interest rates on other deposit products (it was repealed in July 2011).
The Glass-Steagall Act’s primary objectives were twofold – to stop the unprecedented run on banks and restore public confidence in the U.S. banking system; and to sever the linkages between commercial and investment banking that were believed to have been responsible for the 1929 market crash. The rationale for seeking the separation was the conflict of interest that arose when banks were engaged in both commercial and investment banking, and the tendency of such banks to engage in excessively speculative activity.
The Glass-Steagall Act’s repeal in 1999 is believed in some circles to have contributed to the 2008 global credit crisis. Commercial banks, around the world, were saddled with billions of dollars in losses due to the excessive exposure of their investment banking arms to derivatives and securities that were tied to U.S. home prices. The severity of the crisis forced Goldman Sachs and Morgan Stanley, the last of the top-tier independent investment banks, to convert to bank holding companies. Coupled with the acquisition of other prominent investment banks Bear Stearns and Merrill Lynch by commercial banking giants JP Morgan and Bank of America, respectively, the 2008 developments ironically signaled the final demise of the Glass-Steagall Act.
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