This is not a drill. This is an emergency.
Our financial system is being attacked in Congress, and if it collapses again because of reckless greed, working people will bear the brunt. CEO-backed politicians will raid our Social Security, our Medicare and our public services to bail out the fat cats. Take action now.
Tell your members of Congress: Deregulation leads to financial crises. Don't deregulate Wall Street and then rob working people to pay for the bailouts that will follow: [ http://act.aflcio.org/c/18/p/dia/action/public/?action_KEY=1736 ].
In 2008, Big Banks and Wall Street CEOs created the worst financial crisis since the Great Depression. As a result, 14 million Americans still are unemployed today.
But even though unemployment is high and our economic recovery is pathetically slow and fragile, corporations are lobbying furiously to undo the Wall Street Reform and Consumer Protection Act.
Many parts of this new Wall Street Reform Act--including a requirement that outrageous CEO pay be publicly compared with worker pay--haven't even gone into effect yet. But already, House Republicans are siding with corporate CEOs, trying to repeal the bill piece by piece.
What's the Big Bank/CEO/House Republican plan? Deregulate. And if the economy collapses again because of reckless greed, rob working Americans to pay for bailouts while the rich get richer.
Showing posts with label Dodd-Frank. Show all posts
Showing posts with label Dodd-Frank. Show all posts
Friday, March 18, 2011
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