July 27, 2008 (LPAC)--The collapse solution Congress is afraid to take up--Lyndon LaRouche's "firewall for the economy" known as the Homeowners and Bank Protection Act (HBPA)--is being debated at local Democratic Platform hearings around the country. It was adopted in Las Vegas and southern Indiana Platform meetings on Saturday. More than 100 city councils have called on Congress to pass the HBPA this year, and now it is challenging the economic recovery policy vacuum of Howard `Screamin' Dean's Democratic National Committee.
At the southern Indiana platform meeting, a local LaRouche Political Action Committee (LPAC) representative presented LaRouche's "Three Points" of action against the collapse: the HBPA, a two-tier Federal Reserve credit regime, and a New Bretton Woods global monetary initiative. The meeting discussed and passed the package of "firewall" actions to preserve the economy.
In Las Vegas, a former union president presented the HBPA in the Black Caucus platform hearing with 35 in attendance, specifically attacking the just-passed Frank/Dodd Congressional mortgage bailout bill. Two banks had failed in Nevada in the previous 24 hours. After numerous questions and the biggest applause of any presentation there, the Platform meeting unanimously passed the resolution and included it in their report to the national Democratic Platform Committee.