Saturday, January 16, 2010

"We want our money back"

I just got this message from my BFF Joseph Biden (I call him Joe: you can too!). This is what he wrote:

Marc --

Yesterday, President Obama announced our proposed Financial Crisis Responsibility Fee on the country's largest banks:

"My commitment is to recover every single dime the American people are owed. And my determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at some of the very firms who owe their continued existence to the American people...We want our money back, and we're going to get it."

The fee would recover every penny loaned to Wall Street during the financial crisis and stop the reckless abuses and excesses that nearly caused the collapse of our financial system in the first place.

But the banking industry -- among the most powerful lobbies in Washington -- is already launching attacks to stop Congress from enacting the proposal.

Barack and I aren't backing down. But to win, we'll need the American people to add their voice right away.

Thankfully, OFA supporters are already signing on to a bold statement of support: "We want our money back -- and we stand with President Obama to make sure we get it." You can add your name by clicking here.

The message had the subject line: "We want our money back". And the first thing I thought of was of all those of us who contributed to the campaign of Barack Obama on the basis of a commitment to repealing DOMA, ending DODT, a public option for health care reform, the end to the State's secrets argument... you know the kind of things I'm talking about.

I want my money back.

PS: Sure, I'll support you on the bank tax. Or maybe not... since I'm pretty sure this is the only thing we're gonna get. I really don't see any real reform of financial institutions coming from the Obama administration. Tools.

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