Monday, January 9, 2012

We Saved Their Backsides, Let's Hold Them Accountable

Ok, so maybe you never voted for President Obama and Still don't like him. So you do Not like being labeled as a "progressive". Just for a moment, please listen.

You and most of your countrymen and countrywomen helped bail out big multi-national banks. Did the President or anyone else give you a choice? No.

The bank bail out helped to increase the national deficit which my neice and nephew, Your children and Grandchildren will have to pay for, assuming we can stay Out of another War long enough to pay it Down.

Right now the President has the chance to have those banks you had no choice but to bail out, because nobody Bothered to Ask you, Investigated. Regardless of what you think of the ZPresident Or the Congress, Doesn't this sound reasonable? If you think it does, please consider signing the petition below.

I don't care if anyone joins or not. This seems like an issue to Me that Most of us could agree on.

Click here to sign your name:
"President Obama: Hold Wall Street banks accountable by fully investigating the big
bank fraud that caused the housing crisis."
Sign the Petition!
Dear MoveOn member,
Last Wednesday, President Obama stood up to Wall Street by appointing Richard Cordray
as director of the Consumer Financial Protection Bureau. For months, Republicans
have been blocking the appointment, and Obama's action will finally allow the agency
to get to work.
Now, President Obama has a choice to make: whether or not to order a full federal
investigation into bank practices during the housing crisis.
Progressive attorneys general have temporarily blocked a sweetheart deal that would
have given broad immunity to the banks.
Now, the president can decide whether or not to move forward with a full federal
investigation that would hold the banks accountable.
The president has the power to order this investigation
and start the year off right. It's up to us to make sure he hears loud and clear
that progressives are counting on him to continue taking bold and immediate actions
to help the 99%.
Can you sign the petition calling on the president to order a full federal investigation
today? Click below to add your name:
Who was hurt by the greed of Wall Street's 1%? Fellow MoveOn members like Eleanor
J., who was sold a high-interest subprime loan even though she qualified for a safer
one. Now she is struggling to make payments after her home lost over a third of its
There are plenty of examples of Wall Street banks pushing bad loans on unsuspecting
homeowners and lying about the value and risk of mortgage-backed securities.
But without an investigation, we can't hold them truly accountable for the $7 trillion
they cost the global economy, and homeowners can't get fair compensation.
The president has the power to order a full investigation. Can you help send him
a strong message today?
Click here to tell President Obama to launch a full federal investigation into the Wall Street banks and the housing crisis, and insist on a fair deal for homeowners.
Thanks for all you do.
–Elena, Stephen, Milan, Lenore, and the rest of the team
1. "California breaks from 50-state probe into mortgage lenders,"
The Los Angeles Times, September 30, 2011
2. "Massachusetts AG Lawsuit: Five Major U.S. Banks Accused of Deceptive Foreclosure
Practices," The Huffington Post, January 6, 2012
3. "U.S. Subprime Crisis Costs World $7.7 Trillion Dollars," The Huffington Post,
February 15, 2008
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