Yesterday, the NY Attorney General announced plans to file a lawsuit against HSBC for ignoring the law and hurting families in foreclosure. Big banks like HSBC think the rules don’t apply to them — not acceptable!
Over 40,000 people have already joined Elizabeth Warren in saying that we need to protect the public and break up the big banks.
Can you add your voice in support of the Brown-Vitter bill to break up the big banks? Click here to sign the petition.
Thanks! — Adam Green
PREVIOUS EMAIL:
Elizabeth Warren did it again.
In another moment sure to go viral on YouTube, she grilled Treasury Secretary Jack Lew on the Obama administration’s opposition to breaking up the big Wall Street banks that are “too big to fail.”
Warren endorsed breaking up the big banks and preventing future bailouts. Senators Sherrod Brown (D-Ohio) and David Vitter (R-Louisiana) have introduced a new bipartisan bill to do just that.
Watch Elizabeth Warren in action — and join her in urging President Obama and Congress to end “too big to fail.” Sign our petition supporting the Brown-Vitter bill.
Warren pointed out that the largest financial institutions are getting bigger and bigger — 30% larger than they were when they wrecked our economy.
She asked Treasure Secretary Lew, “How big do the biggest banks have to get before we consider breaking them up?” He had no answer.
The media and political insiders need to see the public quickly rallying around Warren in order for her grilling yesterday to make a lasting impact.
Watch Warren in action and sign our petition in support of breaking up the big banks.
Thanks for being a bold progressive.
 Bringing Justice to Justice
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“Breaking the law is not a trade secret.” – Sen. Elizabeth Warren, April 11, 2013
$300. For having your home taken from you illegally.
Is that your idea of justice? The federal bank regulators think it is. Want to know why? Sorry, they can’t tell you – that would mean revealing “trade secrets” of the banks.
It’s true. This week some 4 million families whose homes were stolen by Wall Street criminals in 2009 and 2010 will be getting a total of $3.6 billion in compensation. Most will receive less than $1000. For losing their homes. That amount was arbitrarily determined by the Office of the Comptroller of the Currency (OCC) and when asked why in a Senate hearing yesterday, they said turning over the information would mean turning over confidential “trade secrets”.
To which Sen. Warren responded, “Breaking the law is not a trade secret.” [1]
Exactly. That’s why hundreds of homeowners from around the country are going to DC this May to demand an end to Too Big to Jail. You can support their fight by signing on to this call to AG Eric Holder and President Obama to start criminal prosecutions of criminal Wall Street bankers.
If our system of justice worked, two things should have happened: (1) those responsible should have been prosecuted for their crimes, and (2) borrowers should have been compensated for these violations. You already know that Attorney General Holder and the Justice Department have given the bankers get out of jail free cards. Now the federal regulators have allowed them to pay pennies on the dollar to people who lost their homes. That’s what happens with Too Big to Jail.
In hearings on April 10th, Senator Warren posed the right question: “Have the families been protected, or have the banks been protected?” So far the regulators and Justice Department have thrown down with the banks, not with families. That’s what happens with Too Big to Jail.
We’ve made calls, sent petitions, written letters – and we’re still not seeing the change we need. So next month members of the Home Defenders League, supported by the Campaign for a Fair Settlement, are taking things right to the steps of the Justice Department in DC.
Add your voice to those going to DC by signing on to the petition to the Administration here. We can guarantee your signature will be delivered as part of dramatic and bold actions at the very heart of law enforcement in the United States.
Delivering the 333,000 signatures on April 2 was just the beginning. And we’ve got Too Big to Jail in our sights.
In solidarity,
Brian Kettenring Executive Director, Action for the Common Good Campaign Director, Campaign for a Fair Settlement
PS. If YOU want to go, you can register your interest by clicking HERE. Home Defenders League staff will contact you with more details.
[1] http://www.youtube.com/watch?v=zD7zM9K0X4c http://www.campaignforfairsettlement.org/
-=-=- Campaign for a Fair Settlement · 11 Dupont Cir, Suite 240, Washington, DC 20036, United States CFS is a multi-sectoral coalition. Common Good and Action for the Common Good staff provide strategic and logistical support to the effort. This email was sent to ynative77@gmail.com. To stop receiving emails, click here. You can also keep up with Brian, Campaign for a Fair Settlement on Twitter or Facebook. -=-=-
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CAMPAIGN ALERT: We just got news that Karl Rove’s Crossroads GPS group has launched $1.8 million in vicious, lie-filled ads attacking five of our Democratic Senate candidates, including Elizabeth Warren in Massachusetts.
Why Warren? Because she is a true fighter against corporate power and is a serious threat to beat Scott Brown and take back that seat in Massachusetts.
Election Day is one year away. Campaign outcomes are being decided NOW. We’re still $50,000 short of our Year Out Project goal, and we need to respond to Rove’s attacks with a show of strength by midnight. Every dollar we fall short is a dollar Karl Rove can spend attacking our candidates without challenge. With 23 seats to defend, we can’t afford that. We would lose the Senate, and the new leadership would have Rove on speed dial.
WWW.DSCC.ORG
Karl Rove’s attacking us in Massachusetts. Virginia. Montana. Missouri. Nebraska. And we know more attacks are coming. I’ll let you know when more news breaks.
Guy Cecil
politics,pollution,petitions,pop culture & purses
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