Just received the following and needed to pass it on.A country held hostage - Resistance Grows to Banker's Coup D'etat.
More than 100,000 letters sent through VoteNoBailout.org to Congress.
New Free Web Button Available for VoteNoBailoutThe Bush administration and the richest bankers in the country, with support of some of the top leaders in Congress, have put a gun to our head: give us your money, or we will sink your economy. Yesterday, Ben Bernanke, Chairman of the Federal Reserve, threatened the Senate if they failed to pass the $700 billion plan, they would be responsible for causing recession, more joblessness, and pushing more homes into foreclosure.
The bailout package takes our money and gives it to the same bankers and executives who drove the economy into the ground. The pay for chief executives of large U.S. companies is now at 275 times that of the average worker's salary in 2007. It was 25 times greater in 1965. The same bankers who will be given our hard-earned tax dollars refuse to support even the bailout of their own institutions if their obscene salaries are even slightly compromised. "We support the bill, but we are opposed to provisions on executive pay... It is not appropriate for government to be setting the salaries of executives," said Scott Talbot, executive for Financial Services Roundtable, a group representing the bankers.
I sent a letter and hope that everyone reading this post will do the same.
Remember that bumper sticker from the 2004 election that read something like this "Give Bush/Cheney Four More Years - It takes at least 8 years to fuck up a country." Boy, how prescient was the person who thought that one up?
And so it isn't going so well.*
Thanks for post that link. I actually wrote to our two senators and my congressman yesterday.
ReplyDeleteI signed it.
ReplyDeleteI think we should let them hang. Let them fail. Once bankrupt, buy up 'for cheap' - any and all; anybody/everybody - including the government.
It's just like a garage sale; if you don't think the item is priced right, walk away - come back the next day and see if it's either sold or it's been marked down.
Not too long ago, we did that - the same people who wanted a certain price on Monday, had everything marked down to $1.00 and in some cases marked FREE if you'll just haul it away.
The banks are holding the CREDIT APPROVAL TICKET AND CARD - they know they can make it hurt by denying credit (knowing full well even the president doesn't have the power to approve a request for credit). The banks re gambling on the fact that the people will 'rise up' and raise hell, if they can't get a loan for a car; money to buy gifts for Christmas, or pay for prescription drugs.
I think the banks are also lying through their financial teeth; they aren't happy with their recent losses; they aren't happy with the lower profits, so it's time for them to throw a fit!
I'm just glad we're not credit-card dependent, and have lived conservatively....
Take care. Diane
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ReplyDelete