Daily Archives: November 10, 2009
While rolling around the ‘Net today, I happened onto TBogg’s section of Firedoglake and found a great piece for those of us who think Bart Stupak stuck us with an Amendment on Saturday night that severely hampered the rights of women everywhere.
The heading was:Bart Stupak is at play in the fields of your fertility. Here it is:
Bart Stupak, who is apparently a congressman from some horrible depressing dying part of Michigan, does not seem to understand that abortion is a legal medical procedure in the rest of America that isn’t horrible, depressing and dying. So he would like to eliminate the part of the public option that would cover this procedure for poor women, and if his plan also makes it tougher for not-poor women to get this legal medical procedure, well, that gives him a boner too.
Since the Democratic leadership won’t stand up to him (because they are the Democratic leadership, after all) please go make a donation to Planned Parenthood in Bart Stupak’s name here.
Also. Please have Planned Parenthood send a thank you card to Bart Stupak:
Congressman Bart Stupak
2268 Rayburn House Office Building
Washington, DC 20515
Any amount, no matter how small, will do.
I’m unemployed and nearly broke most of the time, but this is worth five bucks to me… maybe its worth that or more to you.
Senator Sanders is quite clear about the Treasury Secretary’s protection of Too Big To Fail Insitutions and I agree with him. He is putting up a petition that had 8000 signatures a few minutes ago.
Here’s the petition:
Petition to Treasury Secretary Timothy Geithner
Too Big to Fail is Too Big to Exist
Financial institutions that are “too big to fail” played a major role in undermining the American economy and driving our country into a severe recession.
Financial institutions that are “too big to fail” put taxpayers on the hook for a $700 billion bailout and more than $2 trillion from the Federal Reserve in virtually zero interest loans.
Huge financial institutions have become so big that the four largest banks in America (JP Morgan Chase, Bank of America, Wells Fargo, and Citigroup) now issue one out of every two mortgages; two out of three credit cards; and hold $4 out of every $10 in bank deposits in the country.
Just five banks in America (JP Morgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley) own a staggering 95% of the $290 trillion in derivatives held at commercial banks. Derivatives are risky side bets made by Wall Street gamblers that led to the $182 billion bailout of AIG, the $29 billion bailout that allowed JP Morgan Chase to acquire Bear Stearns, and the collapse of Lehman Brothers.
The concentration of ownership in the financial services industry has resulted in higher bank fees and interest rates that consumers are forced to pay for credit cards, mortgages and other financial products.
No single financial institution should be so large that its failure would cause catastrophic risk to millions of American jobs or to our nation’s economic well-being.
No single financial institution should have holdings so extensive that its failure could send the world economy into crisis.
We believe it is time to break up the banks and insurance companies which are too big to fail.
We believe that passage of The Too Big to Fail, Too Big to Exist Act is essential for a strong American economy and a secure future for ourselves, our children, and our grandchildren.
We urge the immediate enactment of the Too Big to Fail, Too Big to Exist Act, which directs the treasury secretary to compile a list of those financial institutions that are too big to fail in the next 90 days, and to break up these banks and insurance companies a year after the legislation is signed into law.
You can go HERE and add your signature. I urge you to do it.