Posted 4 years ago on Sept. 11, 2012, 1:08 p.m. EST by SingleVoice
This content is user submitted and not an official statement
It seems to me that if we want to fix what caused the meltdown, it is up to us. No one in Congress not even the President has done anything to fix it. The Dodd-Frank bill does nothing to fix the cause and most of that bill has not even been written. What has been written is weak. It's all smoke and mirrors. Congress doesn't want to fix what has gotten them rich by being in the banks' back pocket. Both parties created the mess but neither will clean it up unless we speak up with specific demands and threaten their jobs.
There are easier ways to get it done than trying to change the constitution as I've heard on this site by many. It's not the constitution. It's the abuse of power by Congress to pass laws that benefit one or two groups rather than all the people that has corrupted our government and hurt its people. Instead we should work within the system and go over the heads of congress.
Where to start? As I see it, the financial sector started the mess and that's where we need to start to fix it. I think the 3 major goals to start with is to break up the banks and sever the ties between the banks and the politicians, outlaw sub prime mortgages (that take advantage of high risk mortgagees) which the banks in turn bundle and sell as derivatives, gambling with people's lives and money and finally, return to the Gold Standard to take the money manipulation out of the hands of the Fed and strengthen our dollar. We could move on to other things after we take care of the financial sector.
The simplest way to achieve these goals would be for EVERYONE to contact the people running for Congress in their state and district (from ALL parties) and demand that they promise to reinstate Glass-Steagle (abolished in 1998) to separate the banks back into depositor or investment banks as they were for 65 years. Secondly, demand that they outlaw sub-prime mortgages to stabilize the housing market (repeal the Community Reinvestment Act). The banks are still creating these toxic derivatives out of the high risk mortgages they are still granting and bundling and selling them for profit, risking yet more of our money that we have spent to bail them out. Nothing has changed to fix what caused the meltdown and on this path we will have to bail them out again before too long because they now know that Congress will bail them out. (Did you know that the Dodd-Frank bill has more bailouts included in it if the banks fail again?) Lastly, demand that these candidates push to go back to the gold standard to stop the manipulation of money by the Fed. That would cause an immediate increase in the value of our dollar. The income inequality that has grown since the 1990s is a direct result of these 3 things and congress is complicit in all of it. The wealth created by these means have not been for goods and services but from money manipulation. Let the people running for office now know that we are aware of what caused the meltdown and we want it fixed now. We won't vote for anyone that doesn't push for these changes and make them a part of their platform, no matter the party they represent.
Also, let them know that we will impose our own term limits if they don't make good on their promise to do these things. Term limits would stop the cronyism in Washington but since that would take a constitutional amendment, we will impose our own term limits. Get it right or you're gone. No matter the party.
If we can elect candidates that will do the things we need to break up the banks and stabilize the financial market, it will send a message to others who are not up for re-election in this cycle. State and district candidates are much easier to reach by phone, email, facebook, twitter and many voices among their constituents would be powerful. You need to be open to vote for any candidate from any party that furthers this agenda.
Keep in mind that if we continue to elect candidates that do what we want and remove politicians that have gotten rich by cozying up to the big banks and making laws to benefit themselves and screw us, the ones in office will become afraid of losing their power and will make the changes we insist on or we will keep our word and fire them. Remember that career politicians may have come to Washington to serve the people initially but the longer they are there, the more it becomes about the power and wealth they can achieve being bought and paid for.
If we can get a congress that works for us, the presidential race becomes inconsequential. The President only signs bills or vetoes them. With a large majority in Congress, any veto can be overridden and the President is forced to sign. We can then vote our conscience and principles instead of the lesser of 2 evils in the Presidential elections. We can vote 3rd party if we want and make a statement by that vote that we are no longer servants to the 2 party system. That would also wake them up.
http://ampedstatus.com/part-iv-the-financial-coup-detat-the-economic-elite-vs-the-people-of-the-united-states-of-america/ (This is from 2010 but still explains much)