Endorse ‘Michael Moore’s Rescue Plan’ for Fixing Wall Street

[G_j]

Endorse ‘Michael Moore’s Rescue Plan’ for Fixing Wall Street


Sign Below to Endorse ‘Michael Moore’s Rescue Plan’ for Fixing the Wall Street Mess
363 signers
(All signatures will be sent to Nancy Pelosi before Friday’s House Vote)

I endorse Michael Moore's 10 point plan to fix the Wall Street Mess. The full plan is here:

http://www.michaelmoore.com/words/message/index.php?id=237

1. APPOINT A SPECIAL PROSECUTOR TO CRIMINALLY INDICT ANYONE ON WALL STREET WHO KNOWINGLY CONTRIBUTED TO THIS COLLAPSE.

2. THE RICH MUST PAY FOR THEIR OWN BAILOUT.

3. BAIL OUT THE PEOPLE LOSING THEIR HOMES, NOT THE PEOPLE WHO WILL BUILD AN EIGHTH HOME.

4. IF YOUR BANK OR COMPANY GETS ANY OF OUR MONEY IN A "BAILOUT," THEN WE OWN YOU.

5. ALL REGULATIONS MUST BE RESTORED. THE REAGAN REVOLUTION IS DEAD.

6. IF IT'S TOO BIG TO FAIL, THEN THAT MEANS IT'S TOO BIG TO EXIST.

7. NO EXECUTIVE SHOULD BE PAID MORE THAN 40 TIMES THEIR AVERAGE EMPLOYEE, AND NO EXECUTIVE SHOULD RECEIVE ANY KIND OF "PARACHUTE" OTHER THAN THE VERY GENEROUS SALARY HE OR SHE MADE WHILE WORKING FOR THE COMPANY.

8. STRENGTHEN THE FDIC AND MAKE IT A MODEL FOR PROTECTING NOT ONLY PEOPLE'S SAVINGS, BUT ALSO THEIR PENSIONS AND THEIR HOMES.

9. EVERYBODY NEEDS TO TAKE A DEEP BREATH, CALM DOWN, AND NOT LET FEAR RULE THE DAY.

10. CREATE A NATIONAL BANK, A "PEOPLE'S BANK."

sign:
http://bravenewfilms.org/petitions/show/27-i-endorse-michael-moore-s-fix-to-the-wall-street-mess

[Selatius]

1. I like point 10 because it opens the door to transitioning to market socialism.

Here is one model:

http://en.wikipedia.org/wiki/Economic_democracy#An_alternative_model

The public bank could be used to fund the start-up of labor co-ops, capitalize existing co-ops, and buy out failed or failing firms to be reorganized into co-ops. It'd be funded through taxes, of course, and investment decisions would be made at the local branch level. In time, you should have a large co-op sector existing next to the private sector.

In such a situation, workers would have true choice, and if firms in the private sector fail to treat workers the way they want to be treated, they risk losing those workers to firms in the co-op sector where firms are owned by their respective employees.

[scarletwoman]

2. k&r -- I went there and signed.

Thanks, G_j, for posting this.

:loveya:
sw

[G_j]

3. thanks

thanks sw!

:hug:

[Not the Only One]

4. done

...

[G_j]

5. ==

[G_j]

6. kick

and goodnight..

[BrklynLiberal]

7. K & R

[snot]

8. I need a lot more detail, esp. re- The People's Bank, but gen'ly, YES. nt

[cui bono]

9. k&r

[TxBlue]

10. Kick

[yurbud]

11. kick

[leftofthedial]

12. I wish we had some real Democrats willing to stand up for the people

with a legit plan like this instead of the "bailout" supply-side giveaway that's in the house now.

But we only have a scant handful left.

[Shallah Kali]

13. Institute for Policy Studies has some suggestions similar to Michael's for where to raise funding

10 Ways to Bail Out Wall Street (and Main Street) Without Soaking Taxpayers in Debt
http://www.ips-dc.org/articles/736

IPS Plan to Pay for Recovery

Where to Find $900 Billion from the Wall Street Speculators

Executive Summary
• Don’t finance the bailout with more debt
• Make Wall Street speculators pay now
• Raise $900 billion in new revenue
• Stimulate Main Street and the real economy
http://www.ips-dc.org/articles/740

[G_j]

14. kick

[judasdisney]

15. The New Deal safeguards worked fine until the New World Order came along.

[greyghost]

16. Signed and K&R!