Our house is on fire. Join the resistance: Do no harm/take no shit. My idiosyncratic and confluent bricolage of progressive politics, the collaborative commons, next generation cognitive neuroscience, American pragmatism, de/reconstruction, dynamic systems, embodied realism, postmetaphysics, psychodynamics, aesthetics. It ain't much but it's not nothing.
Monday, March 11, 2013
Petition to break up the big banks
Below is an email from Brian Kettenring
of Campaign for a Fair Settlement, who created a petition on SignOn.org, the nonprofit site that allows anyone to start their
own online petition. If you have concerns or feedback about this petition, click here.
The Obama Administration finally admitted the truth of
what we've been saying all along: giant Wall Street banks have become too big to prosecute.In testimony on Wed, March 6, US Attorney General Eric Holder—the nation's
"I am concerned that the size of some of these institutions
becomes so large that it does become difficult for us to prosecute them ... I think that is a function of the fact that some
of these institutions have become too large."1
Now we understand why the Obama Administration
has failed to bring criminal charges against a single major Wall Street bank or executive for systemic fraud that brought
down our economy. When the Attorney General openly admits that the most powerful members of society won't be prosecuted
for even the most egregious of crimes, we are in deep trouble as a nation.
Remember that we gave Wall Street bankers $700 billion
in TARP bailouts and $2.5 trillion in investments, loans, and guarantees to shore up their business (and outrageous bonuses)2 on the theory that letting them collapse would
create a generation-long Depression. In return it seems fair to demand accountability for the actions that brought us to
that point. Now it turns out the Administration never had any intention of seeking accountability.
That's why we're demanding an immediate end to this unconscionable
policy that puts the wishes of Wall Street 1%ers above the well-being of working families, most especially those hardest
hit by the criminal actions of these very same people.
The Campaign for a Fair Settlement has pushing hard during the first hundred days of President
Obama's second term for real accountability for the Wall Street criminals who stole our homes, savings, and pensions and
destroyed our economy. We think this is the only way he'll secure his legacy as a champion of justice for the millions of
homeowners, taxpayers and retirees harmed by Wall Street criminals. This revelation makes this all the more urgent.
This petition was created on SignOn.org,
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