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Take Action: Breaking Up Banks Getting Hot
No matter what the Dodd bill says, if one of the big 4 banks fails, they're going to have to get bailed out -- their assets equal 50% of GDP! Incremental steps are nice, but that's not what we will fight for. They're going to have to be broken up!
Loud support for Breaking up the Banks is growing! The power of too-big-to-fail banks to skirt regulations and get a bailout is too big.
Yesterday, Baseline Scenario blogged the petition. Democrats.com is now running it too. Lawrence Lessig, key advocate against political corruption, signed onto our petition, among some of your favorite thinkers: McJoan of Daily Kos, Nomi Prins, Economist Dean Baker, Chris Hayes of the Nation, Zephyr Teachout, Law Professor, Heather Booth of AFR, Adam Quinn of Credo, David Arkush of Public Citizen, Jan Frel of Alternet, Cryn Johannsen of AllEducationMatters, David Cobb, 2004 Green Party Presidential Candidate, Rob Johnson of Roosevelt Institute, and Dana Balicki of Code Pink, Doug Rushkoff of Life Inc.
For those of us against the bailouts and too-big-to-fail, this is our bill. For those of us for fair and safe competition, this is our bill. For those of us railing against political corruption, this is our bill.
Breaking up the banks is supported by Alan Greenspan, Thomas Hoenig of the St. Louis Fed, Robert Reich, Joe Stiglitz, Paul Krugman, Michael Moore, Paul Volcker, Simon Johnson, Arnold Kling, George Soros, and ... Citigroup (seriously).
I promise this is not going to be just a petition, there's more coming. If you want to donate, we can do even more and we'll send you a batch of our yet unrevealed, new stickers, especially if you use Paypal.
Finally, join us as we get ready to rumble at SF-Wells Fargo as a part of the Showdown in America on April 27 at 3:30.
Latest Links to info on the bill: Riski, an open-source wikipedia on the Financial Crisis; "Dems Have Advantage in Financial Reform: They Need to Use It", McJoan on Daily Kos; "If Republicans Say No to Bailouts, Then They Can't Say No to Breaking Up the Banks", ANWF; More on Facebook and our blog.
This petition is brought to you by Prosperity Agenda, ANWF, PCCC.
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