As far as true regulatory reform of Wall Street is concerned, the next few hours are absolutely critical.
As we learn, below, key Wall Street reform-related Senate votes--including the bill to audit the Fed--may be happening quickly, as early as this afternoon!
Time to put your mouth moving about where your money is: sitting in the hands of Wall Street.
If you care about your family's and your country's economic future...
If you care about about government by and for ALL of the people...
Call your Senators immediately! (Links below.)
(Diarist is authorized in writing by Naked Capitalism Publisher Yves Smith to reprint posts appearing on her blog in their entirety.)
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Guest Post: The Tide Is Turning ... Call Your Senator NOW!
Naked Capitalism
George Washington (Guest Post)
Thursday, May 6, 2010
Washington's Blog
As usual, my views do not necessary reflect those of Yves Smith or her website. The views herein are solely my own ...
The tide is now turning towards real financial reform:
* In a major development, Senator Harry Reid is now supporting breaking up the giant banks and auditing the Fed
* Number two Senate majority leader, Sen. Dick Durbin (D-Ill.), came out Tuesday in favor of a far-reaching amendment that would break up big banks and cap their size (the Brown-Kaufman amendment)
* Senator Feingold has announced that he will filibuster and financial regulation which does not include serious banking reform
I asked a friend on the hill - a top aide for a very important Congress member - whether people would be wasting their time by calling their Senator. I explained that many people called and demanded that the U.S. not invade Iraq, but that Congress just ignored us. I said that many people feel that traditional political activism, like phonecalls, can't work, as the level of political corruption is too high.
He responded that given the bipartisan support of many congress people and the American people for financial reform, this is very different from Iraq.
He urged everyone to call their Senators and demand the giant banks be broken up and the Fed be audited.
Senator Sanders' bill to audit the Fed will probably be voted on today. Please call your Senator now.
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