Saturday, January 24, 2009


Arn Pearson at Common Cause

Sends out this Appeal on January 23, 2009.

"If you got a bonus from work, you would have to report it to the government. But when our nation's banks get a bailout from the federal government, bank CEOs are allowed to spend it as they see fit.

Does that seem fair to you?

Next week, the House Financial Services Committee is planning to hold a hearing to question CEOs from the nation's nine biggest banks about how bailout funds are being used.

Take action now to demand accountability from bank CEOs who receive bailout funds!

These funds were intended to stop the foreclosure crisis, yet so far there is no evidence the banks that helped get us into this mess are doing anything to help struggling Americans weather the storm.

As nine of the biggest beneficiaries of the bailout, these CEOs have an obligation to use taxpayer dollars in an open and transparent manner.

If you've been turned down for a loan by a bailed-out bank or haven't been able to get the financial help you need, this is your chance to get some answers.

But you must act now, there's only a few days left until the hearing!

With your input, Congress will pressure the top bank CEOs to disclose how funds have helped Americans struggling in a tough economy.

Thanks for all you do,

Arn Pearson "

Common Cause is a national nonpartisan organization with chapters in 38 states. Our mailing address is 1133 19th Street NW, 9th Floor, Washington, DC 20036. Our phone number is (202) 833-1200.

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