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More Bank Bailouts?

Daily newsbrief journal for September 2011, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


More Bank Bailouts?

Postby admin » Wed Sep 21, 2011 10:03 am

More Bank Bailouts?
Dear Friend,

Three years ago, Dennis went on the House floor, stood up for America's Main Street, and attacked the first round of bank bailouts - describing them as yet another vehicle to transfer wealth upward, leaving most Americans stuck with a raw deal:

"When Wall Street makes a profit, it is their profit. When Wall Street loses money, our
people lose money. 700 billion dollars. Why aren't we bailing out those millions of Americans
who are losing their homes?"

Three years later, his words still ring true. We continue to shape our economic policy in ways that reward the wealthy and protect the banks, all while we're told we can't restructure mortgages and that there's no money to put our people back to work rebuilding our broken infrastructure.

Click here to donate and help us keep this important voice in Congress.
http://r20.rs6.net/tn.jsp?llr=9uu6zlcab&et=1107720543025&s=60607&e=001Bzry-ylEPlgS59pCR90ovI9rRaep5MOpiIgDbQzyGfbUIYXq-ycKGsUj-R6sSbJ7WRwHj2n-6iJRBJPxfqriS01YTDZAXLBwrbhlo6Aj1V5bkasjdRC7qIZQYo2MLJuh

This debate isn't over. The Fed is now considering sending our tax-payer money over to Europe to help out - you guessed it - the banks. That's why on Friday, Dennis reissued the same warning and called on the government to stop the black hole of bank bailouts.

As he said on Friday, we know these unending bank handouts aren't helping struggling Americans. Of course, the banks are not investing in our infrastructure; they're not helping homeowners with inflated mortgages; they're not rebuilding our schools or creating jobs. No - the banks continue the same practices that got us into this mess: global speculation, deceptive financial "products," and excessive leveraging. And we pay the price.

Like Dennis said in 2008:

"I would predict, Mister Chairman, that we will be right back here in a few months with the
same kind of problems because we are not solving the underlying matter here; which is a
distortion of the economy because of speculation run wild on Wall Street."

We are "right back here" again. And its never been more important that we keep Dennis' strong voice in Congress to fight for ordinary Americans and a better future for us all.

Click here to donate to our campaign, and help keep our movement's voice in Congress!
http://r20.rs6.net/tn.jsp?llr=9uu6zlcab&et=1107720543025&s=60607&e=001Bzry-ylEPlgS59pCR90ovI9rRaep5MOpiIgDbQzyGfbUIYXq-ycKGsUj-R6sSbJ7WRwHj2n-6iJRBJPxfqriS01YTDZAXLBwrbhlo6Aj1V5bkasjdRC7qIZQYo2MLJuh

Thank you,
Elizabeth Kucinich
admin
Site Admin
 
Posts: 82092
Joined: Fri Nov 27, 2009 7:00 am

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