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From: info=justforeignpolicy.org@xxxxxxxxxxxxxxxxxx
[mailto:info=justforeignpolicy.org@xxxxxxxxxxxxxxxxxx] On Behalf Of Just
Foreign Policy
Sent: Tuesday, August 02, 2016 9:37 AM
To: miriamvieni@xxxxxxxxxxxxx
Subject: Tell Congress: Break Up the Big Banks!
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Dear Miriam,
Urge Congress to reinstate Glass-Steagall and break up the big banks.
Take
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They may not agree on much. But both Democrats and Republicans included
reinstating the Glass-Steagall Act - separating traditional commercial
banking from Wall Street financial speculation - in their official party
platforms.
"Too big to fail" banks are a threat to our economy. But they're also a
threat to our democracy - and not only to our democracy, but to other
people's democracies.
For twenty years I've supported efforts to reform U.S. foreign policy at the
International Monetary Fund and the World Bank - in particular, to stop IMF
"bailouts" that transfer bad bets from big banks onto public balance sheets,
planning to pay for these bailouts with democracy-smashing "austerity"
policies.
It's painfully obvious - after the "Asian financial crisis" in the 1990s,
after Argentina, after Greece, after Puerto Rico - that we're never going to
have a decent chance to meaningfully reform IMF policies until we break the
political power of the big banks. And one of the best ways to start doing
that is to break them up.
A yuge coalition of groups, including the AFL-CIO and Daily Kos, is working
to do just that.
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M%2FjD> Join us by signing our joint petition.
Thanks for all you do to help make U.S. foreign policy more just,
Robert Naiman
Just Foreign Policy
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