No Govermnet Bank Bail Outs!!!

[April Gezunterman]

Say no to government bank bailouts!!!!write your congress send emails
We will not except a neither 911!!!!Say no to Government bail outs , wake up this is no good for any one of us!!!Give us the people, this
700 billion dollars, if we can keep printing it out :lets us spend it first the American people!!!Speak up, the mark of the beast is on us say no to one world government!!!

[Alana Lea]

An email with call to action by CommonCause:

With the economic crisis swirling, there's a lot of blame being assigned to irresponsible lenders and irresponsible borrowers. But what about our irresponsible Congress?

When the dangers of predatory lending first began coming to light, Congress refused to take decisive action because the banking and lending companies -- who spent millions of dollars on lobbying and campaign contributions -- opposed any regulation. And now, tens of thousands of people are losing their homes every month.

It's time to stop putting the special interests ahead of the public interest.

Don't let Congress sidestep their responsibilities. Demand that any bailout bill include oversight over how our tax dollars are being spent!

Please join us in telling Congress that any bailout bill must:

* Be completely transparent about how our tax dollars are being used.

* Include strict oversight over the actions of the Treasury Secretary. The current proposal gives unprecedented, unlimited authority to the Treasury Secretary, and makes his decisions non-reviewable by any court of law or administrative agency. The lack of oversight is what's gotten us into this mess; Congress should not compound the problem.

* Include provisions to help families who are in danger of losing their homes avoid foreclosure.

* Cap the pay of CEOs of the bailed out companies. As ordinary Americans struggle to make ends meet and taxpayers are asked to shoulder this $700 billion bailout, the CEOs responsible for these problems should not be receiving million-dollar bonuses and golden parachutes.

* Ensure that, when the bailed out companies become profitable again, some portion of those profits will be returned to the public treasury. This cannot turn into a public debt for private profit situation.

Before handing over nearly three-quarters of a trillion (yes, trillion with a T) dollars to Wall Street, Congress must pause and consider what's best for Main Street.

Consumer groups have been sounding the warning bells since 2000. But Congress chose the look the other way, and not exercise any authority over the lending industry. The problems can no longer be ignored.

Please join us in telling Congress to get the bailout right.

Sincerely,

Arn Pearson
and the rest of the team at Common Cause

P.S. You can read more about how financial services companies used their clout in Congress in our new report, "Ask Yourself Why… They Didn't See This Coming." Also, check out stories in the USA Today and LA Times
.