GET TOUGH with WALL STREET!

One year ago, Lehman Brothers filed for bankruptcy and touched off the worst financial crisis and recession in a generation. 1 But 12 months later, instead of learning its lesson, Wall Street is back to its old tricks: Paying huge bonuses and taking huge risks that still threaten our 401Ks and pensions.

President Obama went to Wall Street this week to try and talk sense. He called for clearer regulation, new protections for consumers, and rules that ensure CEOs are rewarded only for performance. 2 But Wall Street isn't going to listen just because the President talks.Top bankers and traders are still making a fortune off our under-regulated system. And they're spending an unprecedented amount of time and money to make sure Congress leaves them to it. 3 The House and Senate are both planning to take up Obama's reform package next week. 4 Tell your Senators and Representative to get on board now and make Wall Street toe the line.

http://act.truemajorityaction.org/t/120/p/dia/action/public/?action_KEY=38

A year ago, the financial crisis caught a lot of us by surprise. John McCain famously misread the situation and pronounced "the fundamentals of our economy are strong," even as the collapse was beginning. 5

1 - cbsnews.com/stories/2009/09/14/eveningnews/main5310960.shtml
2 - washingtonpost.com/wp-dyn/content/article/2009/09/14/AR2009091400582.html
3 - washingtonpost.com/wp-dyn/content/article/2009/09/12/AR2009091202932.html
4 - bloomberg.com/apps/news?pid=20601087&sid=aZ8i3P1We3VA
5 - nytimes.com/2009/09/15/business/15obama.html