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Sick of banks' corrupting powers? Sick of banks getting richer while our country feels a little dumpy? Senator Sanders is sponsoring a real Break Up the Banks bill. We recently put up a statement on the front page of the site on what it actually means to break up the banks, and not just in name only. We're reacting to a number of bills calling themselves the too-big-to-fail bill or the break up the banks bill. Our statement on breaking up the banks is a reference point for comparison to any bills that come up -- if any new bills don't prescribe breaking up the banks by function or size, they're not really helping to resolve the problems of too-big-to-fail. Check it out.
Sanders' bill is two-pages long and simply calls for a break up of the bailed-out humongous banks. You can see his great video and bill language here. We're proud of Sanders -- he's really with it.
Senator Sanders office has also put out an official announcement and link to a petition around the bill - smart.
We'll be rallying for this bill and will set up a way for people to send emails to their representatives, asking them to co-sponsor the bill. Ready to start getting something done?
Also, of note is another financial regulatory bill that Rep. Kanjorski is introducing in reaction to Frank's bill. He says Frank's bill is too weak. We'll see if Kanjorski's bill is any better.
Tell Congress
New laws should be put in place that end government support for companies becoming “too big to fail” and instead support jobs.
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