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Thread: The Time to Protest Is Now! Rally to Break Up the Banks

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    UHF JUNKIE UHF Moderator Rank ricklbert's Avatar
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    The Time to Protest Is Now! Rally to Break Up the Banks

    The Time to Protest Is Now! Rally to Break Up the Banks
    Fri, 10 Apr 2009 10:28:19 -0500
    Summary:


    It is time for action. today, Saturday, April 11, A New Way Forward will be leading protests across the nation to make sure our leaders in Washington hear our message loud and clear. Join your fellow citizens and demand that our tax dollars be used to fix our economy, rather than protect those who helped destroy it. Click here right now to find a rally near you.
    [Posted By ShiftShapers]
    By Isaac Fitzgerald

    Republished from AlterNet
    On April 11, people will come out in cities across the country to express their frustration and disapproval. Will you join them?

    AlterNet has been gathering signatures in partnership with A New Way Forward, an incredible grassroots movement demanding that the U.S. government nationalize, reorganize and decentralize the banks as a first step toward building a more just economy.

    A New Way Forward states on its Web site: “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.”

    NATIONALIZE: Experts agree on the means — insolvent banks that are too big to fail must incur a temporary FDIC intervention — no more blank-check taxpayer handouts. (See Paul Krugman on nationalization.)

    REORGANIZE: Current CEOs and board members must be removed and bonuses wiped out. The financial elite must share in the cost of what they have caused. (See Simon Johnson on reorganizing.)

    DECENTRALIZE: Banks must be broken up and sold back to the private market with strong, new regulatory and antitrust rules in place — new banks, managed by new people. Any bank that’s “too big to fail” means that it’s too big for a free market to function. (See Mike Lux on decentralization….
    [end excerpt]

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    Splash | AlterNet
    “How is freedom measured, in individuals as in nations? By the resistance which has to be overcome, by the effort it costs to stay aloft. One would have to seek the highest type of free man where the greatest resistance is constantly being overcome: five steps from tyranny, near the threshold of the danger of servitude.”

    Friedrich Nietzsche

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    UHF JUNKIE UHF Moderator Rank ricklbert's Avatar
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    Re: The Time to Protest Is Now! Rally to Break Up the Banks

    Related Article:

    Young Activists Take Bankers to Account
    Fri, 10 Apr 2009 12:38:33 -0500
    Summary:



    Tiffiniy Cheng, Donnie Shaw, (both above), Zephyr Teachout, Morgan Knutson, Nicholas Reville, and Andrew Packer launched A New Way Forward.
    [Posted By ShiftShapers]
    By Kristina Rizga
    Republished from WireTap Magazine

    Online organizing superstars spark a populist movement to fix America’s economy.

    Tiffiniy Cheng, 29, never imagined she’d help spark a populist movement influenced by a former IMF banker. Three weeks ago Cheng and her co-founding partners launched A New Way Forward, a volunteer-run website that advocates for a new approach to bank bailouts and is organizing a nationwide protest on April 11. Cheng and her friends are not new to online organizing. In 2006, some of them launched OpenCongress.org, a nonpartisan website that lets people track legislation in Congress, and Downhill Battle, a music activism website, but they never had a burning desire to study and reform the financial system. Then, as 350 billion dollars of taxpayer money went to the same CEOs who helped bring the global economic system down, Cheng and her friends, like many in America, became angry. Why reward the same people who broke the system, they asked.

    On February 19, the co-founders of A New Way Forward heard the former chief economist of the International Monetary Fund (IMF) interviewed on PBS’s Bill Moyers’ Journal argue for an alternative bailout plan. Simon Johnson spent 20 years at the IMF working on international bank bailouts, among other things. Dissatisfied with the current bailout process, he decided to show his…
    [end excerpt]
    Click below to read the rest of the article

    WireTap Magazine - Young Activists Take Bankers to Account
    “How is freedom measured, in individuals as in nations? By the resistance which has to be overcome, by the effort it costs to stay aloft. One would have to seek the highest type of free man where the greatest resistance is constantly being overcome: five steps from tyranny, near the threshold of the danger of servitude.”

    Friedrich Nietzsche

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