[Peace-discuss] Fwd: Wall Street reform

[John W.]

I'm certainly sorry that some of you can find NOTHING to like about Barack
Obama.



---------- Forwarded message ----------
From: Barack Obama <info at barackobama.com>
Date: Fri, Apr 16, 2010 at 12:48 PM
Subject: Wall Street reform
To: John Wason <jbw292002 at gmail.com>


  John --

It has now been well over a year since the near collapse of our entire
financial system that cost the nation more than 8 million jobs. To this day,
hard-working families struggle to make ends meet.

We've made strides -- businesses are starting to hire, Americans are finding
jobs, and neighbors who had given up looking are returning to the job market
with new hope. But the flaws in our financial system that led to this crisis
remain unresolved.

Wall Street titans still recklessly speculate with borrowed money. Big banks
and credit card companies stack the deck to earn millions while far too many
middle-class families, who have done everything right, can barely pay their
bills or save for a better future.

*We cannot delay action any longer.* It is time to hold the big banks
accountable to the people they serve, establish the strongest consumer
protections in our nation's history -- and ensure that taxpayers will never
again be forced to bail out big banks because they are "too big to fail."

That is what Wall Street reform will achieve, why I am so committed to
making it happen, and why I'm asking for your help today.

*Please stand with me to show your support for Wall Street
reform.*<http://my.barackobama.com/standforwallstreetreform5?email=jbw292002@gmail.com>

We know that without enforceable, commonsense rules to check abuse and
protect families, markets are not truly free. Wall Street reform will foster
a strong and vibrant financial sector so that businesses can get loans;
families can afford mortgages; entrepreneurs can find the capital to start a
new company, sell a new product, or offer a new service.

Consumer financial protections are currently spread across seven different
government agencies. Wall Street reform will create one single Consumer
Financial Protection Agency -- tasked with preventing predatory practices
and making sure you get the clear information, not fine print, needed to
avoid ballooning mortgage payments or credit card rate hikes.

Reform will provide crucial new oversight, give shareholders a say on
salaries and bonuses, and create new tools to break up failing financial
firms so that taxpayers aren't forced into another unfair bailout. And
reform will keep our economy secure by ensuring that no single firm can
bring down the whole financial system.

With so much at stake, it is not surprising that allies of the big banks and
Wall Street lenders have already launched a multi-million-dollar ad campaign
to fight these changes. Arm-twisting lobbyists are already storming Capitol
Hill, seeking to undermine the strong bipartisan foundation of reform with
loopholes and exemptions for the most egregious abusers of consumers.

I won't accept anything short of the full protection that our citizens
deserve and our economy needs. It's a fight worth having, and it is a fight
we can win -- if we stand up and speak out together.

*So I'm asking you to join me, starting today, by adding your name as a
strong supporter of Wall Street reform:*

*http://my.barackobama.com/StandForWallStreetReform*<http://my.barackobama.com/standforwallstreetreform5?email=jbw292002@gmail.com>

Thank you,

President Barack Obama




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