Tuesday, September 23, 2008

Just say "No!" to the Wall St. Bailout Legislation!

Here is a "Call to Action" - compliments of:

If you go to the site, you can have a form letter delivered to all your legislators, demanding that they balk at the blank check being demanded by Paulson and Bernanke.

You can also customize the letter to your liking, so I have attached my particular customized version for your perusal...

--- Text of Letter ---

Congress has no right to give the White House and its Secretary of the Treasury the power to transfer the people's money to the richest bankers in the country.

Vote No to the Bailout legislation.

The Bailout legislation is being rammed through Congress in a matter of days. This is an illegal power grab by the White House and their richest friends on Wall Street.

The Legislation allows the Treasury Department to appoint the same bankers who created the crisis to administer and dictate the use of trillions of our tax dollars.

If this legislation were to pass, it would constitute one of the biggest transfers of public wealth from working families to the private coffers of the ultra-rich in the history of the United States.

(Additionally, the "no judiciary review" clause in the bill is something that has been found unconstitutional time-and-time again, since the days of Marbury vs. Madison back in 1803!)

Congress should help families stay in their homes. Wealthy executives should be forced to disgorge their obscene profits, fees and bonuses that made them ultra-rich while they ran the economy into the ground.

This is nothing more than a publicly-funded bailout for private criminal recklessness, and there MUST be personal accountability on the part of those responsible.

1 comment:

Anonymous said...

Good points, good letter. Makes me wish I had someone to send it to (ah, the benefits of living in DC).