[Occupymendocino] [Fwd: Sign the petition: Break up the big banks]

[agnes at mcn.org]

---------------------------- Original Message ----------------------------
Subject: Sign the petition: Break up the big banks
From:    "Kurt Walters, Rootstrikers.org" <rootstrikers at demandprogress.org>
Date:    Wed, January 6, 2016 12:04 pm
To:      "Agnes S. Woolsey" <agnes at mcn.org>
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   Bernie Sanders just gave a major speech on the need to break up the big
banks.

Tell Congress: Pass the 21st Century Glass-Steagall Act to break up the
Too Big To Fail banks! >>

http://act.demandprogress.org/sign/break-up-the-big-banks/?source=rootstrikers2-plain&t=1001&akid=3908.2278211.0E1tuW

Agnes,

This is big: Bernie Sanders just gave a major speech yesterday on how
he’d take on Too Big To Fail banks.

There were a lot of details, but here’s the most important part,
something many people miss when they talk about Too Big To Fail:

“If a bank is too big to fail, it is too big to exist… a handful of
huge financial institutions simply have too much economic and political
power over this country.”
–Bernie Sanders, Jan. 5, 2016

Yes, breaking up the banks is about political power.

The big banks don’t just have a stranglehold on our economy, their
armies of lobbyists have a hold on our politics, too.

That’s why it’s so important to pass Elizabeth Warren’s 21st Century
Glass-Steagall Act that Sen. Sanders talked about: It breaks up the banks,
getting us closer to an economy that works for all of us AND a government
where you don't need a lobbyist to be heard.

Click here to tell Congress: Pass the 21st Century Glass-Steagall Act to
break up the Too Big To Fail banks!

http://act.demandprogress.org/sign/break-up-the-big-banks/?source=rootstrikers2-plain&t=1002&akid=3908.2278211.0E1tuW

All of the Democratic candidates have released strong plans to clamp down
on wrongdoing and recklessness on Wall Street. There’s a lot of good in
all of them.

But here’s one thing to keep in mind: A plan that leaves the biggest
banks intact means that there will be enormous corporations lobbying
relentlessly to roll back even the strongest Wall Street rules.

We’re already seeing it today, with Wall Street's attacks on the 2010
Dodd-Frank Wall Street reform bill.

Like Senator Dick Durbin said, even after the financial crisis, the banks
“are still the most powerful lobby on Capitol Hill. And they frankly own
the place."

The 21st Century Glass-Steagall Act is a critical part of ending the farce
of Too Big To Fail. It re-establishes a modernized version of the 1933
Glass-Steagall law that for more than 6 decades separated traditional,
“boring” banking backed by taxpayer dollars from risky investment
banking.

Introduced by Democratic Senators Elizabeth Warren, and Maria Cantwell,
Republican John McCain, and Independent Angus King, the 21st Century
Glass-Steagall Act is a rare example of true cross-partisanship in the
Senate.

The next president absolutely must be ready to take on the big banks, but
we can’t wait. We need our representatives in Congress to work right now
to break up Too Big To Fail banks.

Tell Congress: Break up the banks! Pass the 21st Century Glass-Steagall
Act:
http://act.demandprogress.org/sign/break-up-the-big-banks/?source=rootstrikers2-plain&t=1003&akid=3908.2278211.0E1tuW

Thanks,

Kurt Walters
Campaign Manager
Rootstrikers ----------

Rootstrikers is a new generation of activists taking a stand against the
corrupting influence of money in politics and Wall Street's attempts to
rig the game against everyday Americans. We are a project of Demand
Progress.

You can unsubscribe from this list at any time:
http://act.demandprogress.org/unsubscribe/rs_unsub/?akid=3908.2278211.0E1tuW

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