Tuesday, June 4, 2013

Sign Here to Break Up the Big Banks

As we all know, one of the main reasons for the Financial Fuck-Up of 2008 - along with the criminality of Wall Street and the irresponsibility of Washington - was that the main institutions of our financial system had grown "too big to fail".  That's (allegedly) why they had to be bailed out by us plebs.

Guess what? In the last 5 years, those institutions have grown by ANOTHER 30%!

This just came in from BoldProgressives.org:

"Today, the NY Attorney General filed a lawsuit against big bank HSBC for ignoring the law and hurting families in foreclosure. Big banks like HSBC think the rules don't apply to them -- not acceptable!
Over 40,000 people have already joined Elizabeth Warren in saying that we need to protect the public and break up the big banks.
Thanks! -- Karissa Gerhke"

Please sign the Petition, people!

And here's an entertaining video of our lovely Massachusetts Sen. Elizabeth Warren questioning Treasury Secretary Jack Lew about why Too Big To Fail keeps getting bigger:  http://act.boldprogressives.org/survey/brown_vitter/?akid=13573.348172.98-ATm&rd=1&source=e3-warren-don-tst&t=2

(After you watch the video there are links to a number of other interesting videos about reforming Financial Institutions.)

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