Reform Starts with the President and Congress---Wall Street and Washington Hope You Are Gullible:..

[vegiegals]

Yes, continue to write and call them--again and again.


http://www.whitehouse.gov/contact



https://writerep.house.gov/writerep/welcome.shtml


http://www.senate.gov/general/contact_information/senators_cfm.cfm


http://www.huffingtonpost.com/janet-tavakoli/wall-street-and-washingto_b_462205.html


Janet Tavakoli
Posted: February 14, 2010 09:14 PM

Wall Street and Washington Hope You Are Gullible: Disappoint Them



.....................Reform Starts with the President and Congress

Congress has protected Wall Street and passed on the costs to hard-working taxpayers. "Too-big-to-fail" financial institutions are too big to exist, and it is past time to break them up. They currently enjoy around $13 trillion of taxpayer-funded support, including tens of billions of FDIC debt guarantees for each of the too-big-to-fail banks and more than $2 trillion in nearly zero-cost funding from the Fed.

President Obama has not yet condemned Wall Street's massive fraud, and Congress's bailout methods rewarded Wall Street's malicious mischief. The House just passed a bigger bailout bill that will give too-big-to-fail Wall Street banks access to $4 trillion dollars the next time they crash the economy.

Congress must start again from scratch, and give us real reform. Washington needs to get back in the driver's seat, and voters need to make Congress steer straight this time by calling and writing representatives and senators.

* In a control fraud, only insider agents prosper. The losers are financial institutions' shareholders and debtors, investors, borrowers, and the U.S. taxpayer. Banks covered-up indefensible lending--enabled by complicit rating agencies, "creative" accounting at related mortgage lenders, crooked CDO "managers," venal hedge funds, crony accountants, and captured regulators. They parked the risk on their own balance sheets, on the balance sheets of Fannie Mae or Freddie Mac, in off-shore vehicles, or on unwary investors around the globe. Sometimes banks "transferred" risk with credit derivatives backed by phony securities that harmed "sophisticated" insurers like AIG, Ambac, MBIA, FGIC, and ACA--all of which were either bankrupted or damaged.




http://www.huffingtonpost.com/janet-tavakoli/washingtons-bipartisan-be_b_408308.html

[rhett o rick]

1. What do we have as leverage? nt

[Name removed]

2. Deleted message

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