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American taxpayers will be giving hundreds of billions to bail out individual financial institutions and the financial sector in general. But we still need real accountability and solutions to prevent meltdowns in the future.
Three banks, JP Morgan Chase, Citibank and Bank of America, will hold an estimated one third of all the nation's deposits. They may now be "too big to fail." That makes real accountability even more important.
But it's not just the financial sector that's been running itself. We face similar failures in other sectors – food, product safety, health care. We need a new attitude about the role of government, and clear, common sense reforms. It's time to put the cop back on the beat.
Please sign our petition and tell your Senators and your Representative to prioritize a new vision for oversight and accountability.