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No Blank Check for Wall Street
Contact your member of Congress and their leaders today and tell them "no blank checks" for Wall Street.
| Sample Letter for Campaign |
Subject: No Blank Check for Bush-Paulson-Bernanke
Dear [ Decision Maker ] ,
The last thing we should do is compound the enormous imbalances in our economy with an enormously imbalanced rescue package. To accomplish this, any bailout must:
- Be governed by an independent board with transparency and effective public and congressional oversight.
- Use the full array of financial and legal tools available to the government to stop foreclosures and restructure home mortgage loans for working families.
- Address the cause of the crisis on Main Street in addition to the symptoms on Wall Street. Congress should pass a second stimulus package in its entirety.
- Work to address the disastrous weaknesses in our financial regulatory system and corporate governance system that allowed this disaster to happen.
The current Bush-Paulson-Bernanke proposal does nothing for families facing foreclosure or for working people hit hard by the economy, and it does nothing to hold those who caused this crisis accountable. Meanwhile, it grants unlimited authority to the Bush administration to spend $700 billion of the public's money to prop up whomever they wish on Wall Street, without any rules or independent oversight.
This is not acceptable.
Sincerely,
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Campaign Launched: September 23, 2008
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