Posts tagged “glass=steagall”

Quotable: Sen. Jim Bunning

While grilling Federal Reserve Chairman Ben Bernanke during his reconfirmation hearing:

Rather than making management, shareholders, and debt holders feel the consequences of their risk-taking, you bailed them out. In short, you are the definition of moral hazard.Senator Jim Bunning

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Sen. Sanders puts hold on Bernanke renomination

Sen. Sanders Unfiltered: Hold On Bernanke

Sen. Sanders to Bernanke: Will you tell the American people to whom you lent 2.2 trillion of their dollars?

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Don’t let Congress sign a blank check!

Do yourself, your children, and your children’s children a huge favor and don’t let Congress fork over more than $1 trillion to Wall St. without getting anything in return. Sign this petition and let the congressional leadership know that you demand we get something for all that money, something like an equity stake in any beneficiary of the bailout (aka “warrants”), something like cancellation of golden parachutes, something like actual regulation. Glass-Steagall, anyone?

If you don’t know what exactly is being proposed, take a look at the New York Times today for a brief primer.

You can also use this form to contact your congressional representatives and Nancy Pelosi and Harry Reid.

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