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Privatizing Profits & Socializing Losses –
Holding the Financial System Accountable
July 21, 2008
"I urge you to read this, sign it and tell as many people as you can to do likewise. Very few people understand the risk that this country faces and the result the current path of events will have on the lives of their children. This is extremely important, perhaps the most important thing in the history of this county.... Rob."
I received this email from my friend in Cape Cod, who does a huge amount of research into the state of the stock market and financial system. He urged me to sign a petition demanding congress stop the bailouts. Outrage had already motivated me to find the petition last night after watching the exchange between Senator Bunning and the Treasury Secretary on the news – listen to mp3 below.
It's time we, the citizens of the United States of America, wake up and STOP the privatization of profits and socialization of losses in this country. When your mutual funds take a hit on the stock market, does the government come to your rescue? Does anyone absorb your debt and shield your losses? NO! If we close our eyes and sink deeper into our lazy armchairs of complacence, we will be as much to blame for the dismal future awaiting this country. With each of these unjust bailouts, we teach the corporations and banks they can be as greedy and cavalier as they want – we, the taxpayers will ALWAYS be there to bail them out. Where is the leadership and accountability? Where are the voices crying FOUL on behalf of hard-working, honest citizens?
Please listen to this mp3, and if you come to the same conclusion I did, then sign the petition by clicking here, contact your congressman and senator, and forward these links to everyone you come in contact with. We cannot fix a broken system by giving the people who have damaged it even more power. Slow your own life down long enough to really see this picture.
Posted by vincent at July 21, 2008 09:10 AM
Comments
Would love to listen but can't seem to get the mp3 to respond. Any suggestions??
Posted by: Kathryn at July 22, 2008 08:20 AM