Tuesday, April 07, 2009

April 11 - Assembling to Petition for a Redress of Grievances

On April 11, 2009. at 2 PM, in various cities across the U.S., groups of citizens will gather in opposition to bailouts putting the people as a whole into bondage to the big banksters.

The aims of "A New Way Forward" are:

NATIONALIZE: Experts agree on the means -- Insolvent banks that are too big to fail must incur a temporary FDIC intervention - no more blank check taxpayer handouts. (see Krugman on nationalization)

REORGANIZE: Current CEOs and board members must be removed and bonuses wiped out. The financial elite must share in the cost of what they have caused. (see Simon Johnson on reorganizing)

DECENTRALIZE: Banks must be broken up and sold back to the private market with strong, new regulatory and antitrust rules in place-- new banks, managed by new people. Any bank that's "too big to fail" means that it's too big for a free market to function.

http://www.anewwayforward.org/the_idea/

Our plan: Real structural change of Wall Street

DECENTRALIZE: Any bank that's "too big to fail" means that it's too big for a free market to function. The financial corporations that caused this mess must be broken up and sold back to the private market with strong, new regulatory and antitrust rules in place -- new banks, managed by new people. An independent regulatory body must protect consumers from predatory practices.

As Wall St. corporations grew bigger and bigger until they were “too big to fail,” they also became so politically powerful that they led to distorted and unfair policies that served companies, not citizens.

Its not enough to try to patch up the current system. We demand serious reform that fixes the root problems in our political and economic system: excessive influence of banks, dangerous compensation systems, and massive consolidation. And we demand that the reform happen in an open and transparent manner.

Read more about what we want and can achieve and see our blog for more related information.

Also, see these three great economic interviews that can get you up to speed from Bill Moyers : Simon Johnson on the financial oligarchy, 2/13; William Greider on restructuring and ANWF rallies, 3/26; and William Black on financial fraud, 4/2.


http://www.anewwayforward.org/demonstrations/

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Amendment I to the Constitution of the United States

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.

1 Comments:

Blogger Montag said...

i am not qualified to develop a specific plan to reform Big Bank myself, but i do like the way Owen Paine talks about nationalization and decentralization.

regards.

April 7, 2009 at 10:52 AM  

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