Thursday, September 25, 2008

Stop Putting Special Interests Ahead of the Public Interest



Don't let Congress sidestep their responsibilities. Demand that any bailout bill include oversight over how our tax dollars are being spent!

Please join us in telling Congress that any bailout bill must:

* Be completely transparent about how our tax dollars are being used.
* Include strict oversight over the actions of the Treasury Secretary. The current proposal gives unprecedented, unlimited authority to the Treasury Secretary, and makes his decisions non-reviewable by any court of law or administrative agency. The lack of oversight is what's gotten us into this mess; Congress should not compound the problem.
* Include provisions to help families who are in danger of losing their homes avoid foreclosure.
* Cap the pay of CEOs of the bailed out companies. As ordinary Americans struggle to make ends meet and taxpayers are asked to shoulder this $700 billion bailout, the CEOs responsible for these problems should not be receiving million-dollar bonuses and golden parachutes.
* Ensure that, when the bailed out companies become profitable again, some portion of those profits will be returned to the public treasury. This cannot turn into a public debt for private profit situation.
http://www.commoncause.org/siteapps/advocacy/ActionItem.aspx?c=dkLNK1MQIwG&b=4559581&auid=4054358

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