[Occupymendocino] [Fwd: Glass-Steagall]

[agnes at mcn.org]

Please sign this bill to seperate Wall Street from using our savings to
gamble on derivatives- a bubble about to burst.
Agnes


      About a year ago, on the campaign trail, I asked PCCC members to
join with
   me in pushing for a new Glass-Steagall bill.

   This law stopped investment banks from gambling away people's life savings
   for decades -- until Wall Street successfully lobbied the regulators to
   chip away at the rules in the 1980s and Congress to repeal it entirely in
   1999.

   Over 100,000 people joined the fight. And now, I am proud to introduce the
   21st Century Glass-Steagall Act -- along with Republican John McCain,
   Independent Angus King, and Democrat Maria Cantwell -- as my first big
   banking bill in the U.S. Senate.

   [1]Will you join over 100,000 of us in calling for more Wall Street
   reform, starting with a new Glass-Steagall Act? Sign here!

   We learned during the 2008 financial crisis that Wall Street is not just
   taking risks with their own money -- they are taking risks with the whole
   economy.

   A new Glass-Steagall would separate high-risk investment banks from more
   traditional banking. It would allow Wall Street to take risks, but not by
   dipping into the life savings and retirement accounts of regular people.

   And by making banks smaller, a new Glass-Steagall could also help put an
   end to banks that are "too big to fail" -- further avoiding costly
   taxpayer bailouts.

   [2]Please help us pass a new Glass-Steagall Act. Join the fight here.

   I've already talked about this petition on MSNBC, and I'll keep my Senate
   colleagues informed of the growing public support for this reform.

   By mobilizing people across the nation, we can get this done.

   Thank you,
   Senator Elizabeth Warren

References

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   1.
http://act.boldprogressives.org/go/17440?t=1001&akid=14192.391901.XelW8k
   2.
http://act.boldprogressives.org/go/17440?t=1002&akid=14192.391901.XelW8k


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