Public Citizen wrote the following using the language of Ralph Nader--i.e. speaking truth where it needs to be spokenTime that the USA shames CITIBANK
Time that the USA shames CITIBANK and other horrible banks.
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Public Citizen wrote the following using the language of Ralph Nader--i.e. speaking truth where it needs to be spoken:
In Japan, they know the meaning of shame.
Citigroup does wrong in Japan, and the CEO is forced to make a public bow of apology.
In the United States, when Citigroup does wrong, there's no apology - just subsidies, bailouts and bonuses.
Indeed, one year after it crashed the global economy, drained people's pensions and retirement savings, and threw millions out of work, Wall Street is back to business as usual - in Washington and Manhattan both, as I predicted at Wall Street and other rallies.
But one group is leading the charge against Wall Street, issuing a clarion call to rein in the banksters.
That's how long it took after the collapse of Lehman Brothers before the House of Representatives passed some financial reform legislation.
It's still pending in the Senate.
The long delay between the onset of the financial crisis and Congressional movement toward passage of the Wall Street Reform and Consumer Protection Act of 2009 did not well serve the cause of reform.
First, the good news.
Thanks in no small part to the work of Public Citizen, the bill would set up a consumer financial watchdog agency.
Latest Public Citizen Action Items
Ask your senators to support real financial reform
Congress is considering legislation to create a Consumer Financial Protection Agency to guard us against misleading and unfair credit cards, loans and mortgages. The big banks are spending hundreds of millions of dollars on lobbyists and public relations firms to oppose real consumer protections. Your senators need to hear from you about the need for reform to rein in Wall Street and allow our economy to grow sustainably.
Host a House Party, Get a Special Edition Battle in Seattle DVD
As a fun way to celebrate the tenth anniversary of the activist victory at the WTO Ministerial in Seattle, we're helping organize educational house party screenings of the film "Battle in Seattle." Sign up to organize one - with at least 10 of your friends or family or for a larger school, union, church, or synagogue group - and we'll send you a free DVD copy of the film (starring Charlize Theron, Andre 3000, Woody Harrelson and more), plus a terrific action kit.
Turn Around the WTO!
Ten years ago, activists shut down the WTO ministerial in Seattle to protest the devastating impact of the WTO's corporate globalization agenda. Now, big corporations are again pushing an expansion of the WTO's power. Sign our petition to President Obama urging him to deliver on his campaign promises to fix our failed trade policy, including a turnaround of the WTO.
Urge your representative to cosponsor the TRADE Act!
H.R. 3012, the TRADE Act, delivers on the broad public expectation that Congress and Obama will forge a new trade policy that creates jobs, ensures import safety and fixes past damaging agreements like NAFTA, as they have promised. The TRADE Act was introduced for 2009 with 106 cosponsors. If you can help get your House member signed onto the TRADE Act, you can further build the momentum towards a new trade agenda