Dear friend,
Last week's election results pretty much confirmed how livid Main Street is with Wall Street. During his historic victory speech, President-elect Barack Obama said, "If this financial crisis taught us anything, it's that we cannot have a thriving Wall Street while Main Street suffers."

But apparently Wall Street didn't get that memo. The nine banks about to receive $125 billion, courtesy of Phase I of The Bailout Plan, reserved $108 billion during the first nine months of 2008 in order to pay for compensation and bonuses.
https://www.thepetitionsite.com/takeaction/290011652?z00m=17781002
The no-strings-attached money is going to line the pockets of Wall Street execs – unless Congress starts reining in Wall Street's "anything goes" approach. Tell Congress that Wall Street needs oversight and accountability NOW »

As our markets plunge, Wall Street officials continue to argue that the financial institutions don't need more regulation. Of course the fox in the henhouse doesn't want a watchdog. But if Wall Street welcomes taxpayer money, it needs to accept oversight and accountability as well.

Make sure that industry is held accountable for the tax dollars you've invested. Tell your Senators and Representative that you want a new vision for oversight and accountability »

Thanks for taking action!

Natasha
Care2 Campaign Team
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ALSO>>>>SOME QUOTES>>>
Ted Turner: "Bust Up the Conglomerates"
22 July 2004 | From Studio Briefing | See recent Studio Briefing news
Ted Turner has cited Disney's decision to reject distribution of Fahrenheit 9/11 as an ominous indication of the chilling effect of media consolidation. Writing in the Washington Monthly, the CNN founder takes special note of a statement by a Disney executive at the time: "It's not in the interest of any major corporation to be dragged into a highly charged partisan political battle." Turner comments: "Follow the logic, and you can see what lies ahead: If the only media companies are major corporations, controversial and dissenting views may not be aired at all." Turner's advice: "Bust up the big [media] conglomerates."
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Automakers are seeking $25 billion from the bailout for emergency loans. But supporters of the aid for GM, Ford and Chrysler have offered to reduce the size of the rescue to win support.

On CNN's Late Edition Sunday, CNN founder Ted Turner gave his take.
"I don't like to see these bailouts, and particularly of the big industry and, on top of that, who's to think that $25 billion is going to bail them out?" Turner asked. "That'll probably last until March and then they'll be back for some more. Their problems aren't going to go away any time soon. They've just been building the wrong kind of cars for a long time."

Senate Democrats plan to introduce legislation on Monday attaching an auto rescue to a House-passed bill extending unemployment benefits. The Democrats will need at least a dozen GOP votes in the Senate to keep opponents from blocking the measure.

House Speaker Nancy Pelosi said over the weekend that the House would help the auto industry, but she didn't put a price tag on it.
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https://www.ketv.com/money/17993398/detail.html