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]
Click below to read the rest of the article
Splash | AlterNet
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]
Click below to read the rest of the article
Splash | AlterNet
