Break Up the Banks!

From: 
A New Way Forward
What's happening: 

 

12 million unemployed. Foreclosures up 81%. Wall Street has taken over. We must break up the banks and never again let them get so big that they distort our politics and take down the economy.

Our plan: Real structural change of Wall Street

Decentralize: Any bank that's "too big to fail" means that it's too big for a free market to function. The financial corporations that caused this mess must be broken up and sold back to the private market with strong, new regulatory and antitrust rules in place -- new banks, managed by new people. An independent regulatory body must protect consumers from predatory practices.

As Wall St. corporations grew bigger and bigger until they were “too big to fail,” they also became so politically powerful that they led to distorted and unfair policies that served companies, not citizens.

Its not enough to try to patch up the current system. We demand serious reform that fixes the root problems in our political and economic system: excessive influence of banks, dangerous compensation systems, and massive consolidation. And we demand that the reform happen in an open and transparent manner.

What you can do: 
 
Pledge to Break up the Banks! Tell Obama and Congress:


"If it's too big to fail, it's too big to exist. Dismantle the power of the financial elite and make policies that keep a new crop from springing up. We want our economy and politics restored for the public."

 

Sign on to the demand and we'll bring this message to Congress on Saturday, April 11, 2009. If there's a rally near you, we'll tell you . . . CLICK HERE TO SIGN.

For more information: 

More information about this campaign is available at http://anewwayforward.org/demonstrations/