Break Up The Banks


	Break Up The Banks
brightlight4
3-28-2009 3:14 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/425db1bb-3695-48c4-83f9-93406981e115/5329E1D1-9EC3-4EA2-B3F3-E40BC4DF493C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM=" href="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM=" style="font-size: 11px;">www.democrats.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM="><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.democrats.com/img/BF207CC2-72A3-4706-9FFE-80943A08481B" alt="Democrats.com - Democratic Party Activists" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM="><P>Break Up The Banks</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM="><DIV class="pen-statistics"><EM>9972</EM> of <EM>100000</EM> people have signed – see totals by <A href="http://www.democrats.com/peoplesemailnetwork/totals/166/state">state</A> and <A href="http://www.democrats.com/peoplesemailnetwork/totals/166/cd">Congressional District</A>.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM="><LEGEND>Petition</LEGEND></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM="><P>Treasury Secretary Geithner proposed a <A target="_blank" href="http://oxdown.firedoglake.com/diary/4380">$1 trillion plan</A> to help Wall Street make a killing buying "toxic assets" with our tax dollars and guarantees. And he proposed a <A target="_blank" href="http://www.mcclatchydc.com/227/story/64880.html">complex regulatory scheme</A> to keep huge financial institutions from wrecking our economy once again.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM="><P>But there's a better and simpler solution: <B>break up those huge financial institutions</B>. <A target="_blank" href="http://www.huffingtonpost.com/robert-creamer/if-a-financial-institutio_b_179905.html">If they're "too big to fail," then they're too big to exist</A>.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM="><P>Returning to the banks and insurance companies that existed before the Reagan era would not hurt our economy. As <A target="_blank" href="http://www.nytimes.com/2009/03/27/opinion/27krugman.html">Paul Krugman writes</A>, "that boring, primitive financial system serviced an economy that doubled living standards over the course of a generation."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM="><P>NATIONALIZE: Insolvent banks that are too big to fail must incur a temporary FDIC intervention - no more blank check taxpayer handouts. (see <A target="_blank" href="http://www.nytimes.com/2009/02/23/opinion/23krugman.html">Paul Krugman on nationalization</A>) </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM=">REORGANIZE:</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democrats.com/break-up-the-banks?cid=ZGVtczMzMzYzNGRlbXM=">DECENTRALIZE: </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5329E1D1-9EC3-4EA2-B3F3-E40BC4DF493C/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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