DEMONSTRATION AT STATEHOUSE IN COLUMBUS APRIL 11: 12 million unemployed. Foreclosures up 81%.
12 million unemployed. Foreclosures up 81%. Wall Street has taken over. We must break up the banks and never again let them get so big that they distort our politics and take down the economy.
Pledge to Break Up the Banks
Tell Obama and Congress: "If it's too big to fail, it's too big to exist. Dismantle the power of the financial elite and make policies that keep a new crop from springing up. We want our economy and politics restored for the public." Do something: sign onto the demand and we'll bring this message to Congress on April 11.
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Comments on this post
Sun, 03/29/2009 - 5:21pm
The current "bailout" plan is intended to keep big financial institutions alive and with the purse strings of the whole country. There is no restructuring in the plant which will change this. This is not the type of structure that will maintain democracy. Neither will the current plan provide a place for the ordinary working person, whose livelihood will still be controlled by private investors and CEOs whose goal is to make money for themselves not help the country.
The banks need to be temporarily nationalized under a committee appointed by the president whose actions will be transparent and will include breaking the huge banks up into smaller entities, as well as helping out smaller banks which are already running well and serving their communities well and were not involved in bilking ordinary citizens, their government, and the country at large. In addition, more anti-monopoly laws need to be passed to break the stranglehold of huge multi-national corporations, many of which, like General Electric, are also banks.
If democracy is to survive, this needs to be done now.
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