[Peace-discuss] Fw: Tell Congress: stop the next recesion

[Jenifer Cartwright]

Almost tooooooo obvious to bother taking action on, but...
 --Jenifer

--- On Wed, 9/16/09, Drew Hudson, TrueMajority.org <alerts at truemajority.org> wrote:

















Dear Jenifer,










One year ago, the fall of Lehman Brothers started a financial crisis and recession.
  

Tell Congress to get tough with Wall Street so we can prevent the next crash!



One year ago, Lehman Brothers filed for bankruptcy and touched off the worst financial crisis and recession in a generation.1 But 12 months later, instead of learning its lesson, Wall Street is back to its old tricks: Paying huge bonuses and taking huge risks that still threaten our 401Ks and pensions.

President Obama went to Wall Street this week to try and talk sense. He called for clearer regulation, new protections for consumers, and rules that ensure CEOs are rewarded only for performance.2  But Wall Street isn't going to listen just because the President talks.

Top bankers and traders are still making a fortune off our under-regulated system. And they're spending an unprecedented amount of time and money to make sure Congress leaves them to it.3

The House and Senate are both planning to take up Obama's reform package next week.4 Tell your Senators and Representative to get on board now and make Wall Street toe the line.
http://act.truemajorityaction.org/t/120/p/dia/action/public/?action_KEY=38
A year ago, the financial crisis caught a lot of us by surprise. John McCain famously misread the situation and pronounced "the fundamentals of our economy are strong," even as the collapse was beginning.5

Now we've got a new President who led an unprecedented intervention into the markets. We the taxpayers have spent billions to save banks and give them the security to keep our economy going.

But despite all that's been done to rescue them and prop them up, some bankers and traders still have not learned their lesson. And with the stock market rebounding, it's too tempting for them to go back to their old tricks and for Congress to look the other way.

In his speech, Obama warned, "The old ways that led to this crisis cannot stand." It's up to Congress to make sure that they do not.

Tell your members of Congress to back reforms that will stop the next financial meltdown.

-Drew

Drew Hudson
TrueMajority / USAction
1 - cbsnews.com/stories/2009/09/14/eveningnews/main5310960.shtml
2 - washingtonpost.com/wp-dyn/content/article/2009/09/14/AR2009091400582.html
3 - washingtonpost.com/wp-dyn/content/article/2009/09/12/AR2009091202932.html
4 - bloomberg.com/apps/news?pid=20601087&sid=aZ8i3P1We3VA
5 - nytimes.com/2009/09/15/business/15obama.html


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