_____  

From: Senator Sanders [mailto:[EMAIL PROTECTED] 
Sent: Wednesday, October 08, 2008 12:47 AM
Subject: The Financial Crisis

 


  <http://www.sanders.senate.gov/graphics/buzz/buzz-header.gif> Issue
October 07, 2008 - http://sanders.senate.gov
<http://aiss.enews.senate.gov/t/45748/3539683/690/0/> 


The Financial Crisis

Wall Street Bailout

  <http://sanders.senate.gov/graphics/buzz/11-1.gif> Sen. Bernie Sanders
helped lead the opposition against the Wall Street bailout passed by
Congress.  His speech on the floor of the Senate brought forth thousands of
emails and phone calls. To read the speech, click here
<http://aiss.enews.senate.gov/t/45748/3539683/1377/0/> . To watch click here
<http://aiss.enews.senate.gov/t/45748/3539683/1376/0/> .

- - - - - - - - - - - - - - - - - - - -
50,000 Say "NO"

  <http://sanders.senate.gov/graphics/buzz/11-2.gif> More than 50,000
Americans co-signed a letter from Bernie to Secretary of the Treasury Henry
Paulson demanding that the wealthy, not the middle class, pay for the
bailout.  To read the letter, click
<http://aiss.enews.senate.gov/t/45748/3539683/1342/0/> here.

- - - - - - - - - - - - - - - - - - - -
What Now? 

  <http://sanders.senate.gov/graphics/buzz/11-4.gif> Congress must
re-regulate financial services and address the major economic crises we
still face: growing unemployment, low wages, and the need to create millions
of decent-paying jobs rebuilding our infrastructure.

 


Paulson's Conflict 

  <http://sanders.senate.gov/graphics/buzz/11-5.gif> The bailout puts $700
billion under the control of the Treasury secretary, a former CEO of Goldman
Sachs, one of the Wall Street firms that created the crisis. Is that a
conflict of interest? Click
<http://aiss.enews.senate.gov/t/45748/3539683/1060/0/> here to take our poll
and see the results.

- - - - - - - - - - - - - - - - - - - -
Vermont Voices 

  <http://sanders.senate.gov/graphics/buzz/11-6.gif> Thousands of e-mails
and letters opposed the bailout. Bernie talked about the public reaction on
the Senate floor.  To read some of the e-mails, click
<http://aiss.enews.senate.gov/t/45748/3539683/1379/0/> here.

- - - - - - - - - - - - - - - - - - - -
Flashback 

  <http://sanders.senate.gov/graphics/buzz/11-7.gif> Ten years ago, Congress
dropped regulations that kept commercial banks from owning investment banks.
At the time, Sanders predicted the reform "will do more harm than good" and
lead to fewer financial service providers, increased fees, diminished
consumer credit and increased taxpayer exposure. To read more in the
Brattleboro Reformer, click
<http://aiss.enews.senate.gov/t/45748/3539683/1380/0/> here.


Financial Crisis Updates

  <http://sanders.senate.gov/graphics/buzz/11-9.gif> In the latest
rapid-fire developments, the Dow skidded more than 500 points Tuesday,
another chop in interest rates was signaled by the Fed, Chairman Bernanke
detailed a radical plan to stimulate credit markets, and a congressional
panel exposed lavish spending at a spa days after the insurance giant AIG
was thrown an $85 billion federal loan. To check for regular updates on our
special Financial Crisis Web page, click here
<http://aiss.enews.senate.gov/t/45748/3539683/1387/0/> .


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