While the Senate did cave to the financial terrorists, the fight is far from over. In fact, a new alternative has emerged.
“No Bailouts” act!
The “No Baiouts” Act “would impose a securities tax equivalent to one quarter of one percent of profits and empower the Federal Deposit Insurance Corporation to deal more effectively with bank failures,” according to John Nichols at The Nation.
Take a look and see for yourself. It is an alternative and it has the support of former heads of the FDIC. Then, take a moment, hit the link above and sign the petition. Even if you don’t think this is the best plan, perhaps it IS best to challenge Congress to pursue every alternative? I certainly think so.