To Do Today April 11, 2013
Put this on your To Do Today list: Send emails or make calls to your Senators to urge their action. They need to hear from a lot of people, including you!
The Honorable Laydown Forbanks
U. S. Senate
Washington DC
Dear Senator Forbanks,
I am disappointed that bank regulators have delayed implementation of reasonable rules that protect taxpayers from liability for the risky transactions of large financial institutions. Suspension of these rules transfers the risk of financial loss to taxpayers but retains profits for the risk takers. This kind of corporate welfare is egregiously wrong. Taxpayers should not be “on-the-hook” for the irresponsibility of large institutional financial manipulators. Now is the time for you, Senator Forbanks, to end this shameful corporate welfare.
But the problem is bigger than just implementing rules. Congress has not done enough to ensure fair play during times of economic difficulty. Everybody knows it, including you. Congress has not prevented “too-big-to-fail” institutions from getting bigger and even more dangerous to our economy.
The next time financially irresponsible operators throw our country (and the rest of the world) into the dumpster, the helpless congressional “I wasn’t ready” excuse will be even more laughable. Take action NOW to eliminate “too-big-to-fail” from the national vocabulary. I want to know what legislation you plan to co-sponsor and support to accomplish this in the 113th Congress.
Yours truly,
Yeah, it’s that same stinker again
No comments:
Post a Comment