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Sunday, March 29, 2009

Enough Is Enough

 

       Issue March 25, 2009 - http://sanders.senate.gov

ENOUGH IS ENOUGH!!! 

  • We need a serious investigation into what went wrong on Wall Street. I proposed giving subpoena power to the panel Congress created to oversee the bailout.

  • We must reform and re-regulate the financial services industry. 

  • We must break up behemoth corporations so no single company's failure would bring down the rest of the economy with it.  If a company is too big to fail, it is too big to exist

  • We cannot allow banks that take taxpayer bailouts to turn around and charge credit card customers interest rates of 30 percent and more. It is time for a national usury rate like the 15 percent cap already in place by credit unions.

  • We must rethink the function of Wall Street. It is time for business schools to educate a new generation of financiers and business people who will see that their role in society is to help this country, help create decent-paying jobs, and help people get the homes they need.

To read Bernie's latest column, "Let's Stop Wall Street Loan-Sharking," click here.

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UPCOMING EVENTS - Town Meetings on the Economy - click here for more information.

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