We request that the Financial Crisis Inquiry Commission fulfill its legislative mandate and provide detailed recommendations for reforming the regulation of the financial services industry.
We also request that the Secretary of the Treasury provide a detailed explanation of why the Executive Branch is proposing a plan that maintains the current structure of the industry as opposed to ensuring no institution is "too big to fail.'
We request that the Financial Crisis Inquiry Commission fulfill its legislative mandate and provide detailed recommendations for reforming the regulation of the financial services industry.
We also request that the Secretary of the Treasury provide a detailed explanation of why the Executive Branch is proposing a plan that maintains the current structure of the industry as opposed to ensuring no institution is "too big to fail.'
We the undersigned
Ask that the Financial Crisis Inquiry Commission fulfill its legislative mandate and provide detailed recommendations for reforming the regulation of the financial services industry, and provide explanations for why these recommendations are best for the nation.
We also ask that the Secretary of the Treasury provide detailed explanations for why the Executive branch is proposing a plan that maintains the current structure of the industry as opposed to ensuring that no institution is "to big to fail."
We signed the "The American People Deserve An Explanation" petition!
# 133:
1:25 pm PST, Nov 16,Leslie Cotee, Arizona
We deserve even more than an explanation. People should be held accountable. I'd also like to know why Obama chose Geitner and Summer's and others that were in on the first crisis.
# 132:
3:43 am PST, Nov 14,Name not displayed, Idaho
Had the separation of banks under Glass-Steagall been maintained, the risk would have not been taken. It is absurd that banks are nothing more than dark pools of trading to enrich their executives. They don't have their money at risk, it is the shareholders. This money is syphoned from the capital needed for the entire economy.
We had a single regulator in the Fed, the private bank and they failed. Too much cheap money, either lying or stupidity came from their top people as the impending threats were exposed. They have destroyed this country and sent the entire world into a depression. Congress was bought off with contributions.
# 131:
11:16 pm PST, Nov 13,Doug Taylor, Minnesota
You are forgeting a major part of our economict system - agriculture. The Supreme court weighted in by declaring the "Agricultural Adjustment Act of 1933" as unconstitutional - what has the court said about the current crisus ?
The United States Department of Agriculture in 1933 had a plan to buy up "300,000 bales of cotton options; the cotton trade started the the court challenge to the 1933 act. The case was Butler vs. the United States . Butler was the receiver for" Hoosic Mills. Today these issue would be called Credit Default Swaps.
# 130:
2:05 pm PST, Nov 9,Bob Harris, California
as my representative in theUS government
please correct the financial errors
thank you
# 129:
6:09 pm PST, Nov 3,Referen Dem, Washington D.C.
# 128:
9:16 am PDT, Oct 25,Jon Robert Hogan, Massachusetts
# 127:
10:07 pm PDT, Oct 24,Alan Harvey, Washington
Adding regulation along the current line of thinking is just giving more pages to captive regulators. Let's have some market discipline.
# 126:
3:39 pm PDT, Oct 24,Paul Mansnerus, Illinois
# 125:
8:15 pm PDT, Oct 23,Lydia Cherry, Virginia
# 124:
2:05 pm PDT, Oct 23,Nate Powell, California
# 123:
6:12 am PDT, Oct 21,Shannon Zinn, New Jersey
# 122:
1:24 am PDT, Oct 21,Evan Finlay, New Jersey
# 121:
1:34 pm PDT, Oct 14,Bob Harris, California
# 120:
4:53 am PDT, Oct 14,JAMES SCAMINACI III, Florida
If the American people do not have a complete accounting for why the financial system collapsed in 2008, and, has experienced repeated financial crises since the 1980s, we will repeat this cycle until we are either crushed economically or demoralized politically, or both. Moreover, the American people deserve recommendations for regulatory reform that will prevent another systemic financial crash.
# 119:
3:19 pm PDT, Oct 12,Michael Martin, Massachusetts
# 118:
4:49 am PDT, Oct 12,Dan Hayes, Michigan
The Obama Admminstration appears to be intent on perpetuating the currupt and greedy financial system that created the economic crisis instead of reforming it as promised.
# 117:
6:01 pm PDT, Oct 8,Yvon Denis, Canada
# 116:
2:53 am PDT, Oct 8,Name not displayed, Germany
# 115:
12:16 am PDT, Oct 8,Karin Smith, South Africa
# 114:
12:51 pm PDT, Oct 7,Wallace Farmer, Maryland
I want to know why the banks and Wall Street are still allowed to pillage and rape this country and her citizens unchecked?
I want to know why the Fed stood by and did nothing, and now they want to say they are the best to protect us again, when clearly there is an issue of moral hazard involved, because the Fed seems to work for the very banks that they should be protecting us from, and using our taxpayer dollars to fund their gambling and ponzi schemes!
Reinstate Glass Stegal, and do not allow the Fed any more power than they have...Apparently, the Fed doesn't use the power it has, or maybe it does, it does it as a weapon to be used by the rich to destroy Americans!
# 113:
2:28 pm PDT, Oct 6,Jeff Kumpula, Illinois
Congress and the White House: Pass financial services regulatory reform in 2009, return to support for the middle class, end the plutocracy and plutonomy or prepare for election backlash.
# 112:
10:04 am PDT, Oct 5,Spencer McKinney, Pennsylvania
As the immortal George Santayana said, if we don't learn from our past, we are condemned to repeat it!!
I'd like to add, the status quo or super regulator is nothing but a cop out. They (Congress and Administration) will take the path of least resistance and do what ever it takes to CTA. Should we believe they will act any differently the next time??
With Geithner and Bernanke in charge, it's only a question of when the next implosion will come. Like today, they'll never see it coming or take steps to slow it down. If fact, they'll ask for more Power to prevent the next catastrophe!! Heaven forbid, if we have a Republican Administration when this happens again!!
The American taxpayer will be on the hook to bail out these shameless "bureaucrats" who are already decades behind what Wall St. concocts. Socialize the costs and privatize the gains. Are we becoming a third world nation through their incompetence and stubbornness?
We need "real" reform, but no one in Washington except Alan Grayson, has the spine to do anything.
I hope it doesn't take another financial meltdown to realize these "Paid in Full" Congressmen don't deserve another chance to "Get it Right". There aren’t many do over’s in life, so let's get it right this time.
# 111:
8:59 am PDT, Oct 5,Larry Deitch, New Jersey
Our Banking Sector should never have been allowed to become "Too Big To Fail." And after our experience with this financial meltdown we should have learned a huge lesson. These institutions require heavy regulation to prevent the "greed factor" from taking over and everyday taxpayers from having to bail out these unregulated banking institutions which threaten the entire global economy.
# 110:
8:07 am PDT, Oct 5,Name not displayed, Iowa
# 109:
6:36 am PDT, Oct 5,Mitchell wayne Fontenot, Texas
# 108:
6:14 am PDT, Oct 5,Gary Rayburn, Michigan
A major fix to the big mess we're in is simply putting a firewall between investment banks and commercial banks. Just do it!
# 107:
5:42 am PDT, Oct 5,Jamie Bartlett, Alabama
# 106:
5:41 am PDT, Oct 5,Michael Murphy, California
I am tired of the lies and the bailouts to the undeserving in the financial services industry...No one and I mean no one is worth more than what the president makes based upon their responsibilities. Finally, their are no Masters of the Universe or the best and the brightest...
# 105:
4:28 am PDT, Oct 5,Colleen Fitzgerald, Pennsylvania
# 104:
10:30 pm PDT, Oct 4,Vince and Dianne Foster, Washington
# 103:
8:04 pm PDT, Oct 4,Joanne Mell, California
The Federal Reserve should in no way be given further power in the financial community. They have missed or ignored all the troubling events that preceded our current crisis in the last dozen years. Glass-Steagall should be returned immediately and updated at a later date; we can't afford the wait. There should be no such thing as as a financial entity that is too big to fail. We should have anti-trust and monopoly laws to prevent this from happening and closer attention paid to consolidation of any business that decreases competition.
# 102:
7:54 pm PDT, Oct 4,Name not displayed, Texas
# 101:
7:46 pm PDT, Oct 4,John Critchfield, Colorado
Glass Steagall needs to updated and returned to law immediately.
