Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


SOLO-International: Bail out of these Banks!

SOLO-International Press Release: Bail out of these Banks!

October 14, 2008

"Today's $250 billion bank bailout is simply appalling," says SOLO spokesman Aaron Bilger.

"It's the latest step of the $700B bailout Congress approved, and gives tens of billions of dollars directly to each of nine major banks, in exchange for the government getting eternal, voting shares in the respective banks. At the expense of American citizens, this achieves massive corporate welfare, subsidization of failure, and nationalization of banking all in one fell swoop.

"There's probably little to be done about this newest fascism on the government side. Many citizens already wrote their Congressmen - vocally opposing the bailout by a wide margin weeks ago - only to be ignored.

"However, people can send a message to the other half of the equation, the major banks complicit in this quasi-nationalization. The culprits:

Bank of America
Wells Fargo
JPMorgan Chase
Goldman Sachs
Morgan Stanley
Bank of New York

"I have not yet found news on the remaining two of the nine, or the exact amounts of all payouts, but am looking for this information and will update with it. These banks are voluntary recipients of this corporate welfare, eagerly receiving money taken from us the taxpayers by force. Fortunately we do still have the choice to bank elsewhere.

"I'm removing funds deposited in Bank of America and Chase, and canceling credit cards with them as soon as possible, and letting them know why. I'd previously been a happy customer of both, but cannot condone their taking stolen funds and contributing further to the destruction of the free market. I hope anyone else who opposes this latest slide toward fascism will also move their accounts, cards and if possible, mortgages, from this band of thieves as well. The government picked our pockets for them; they don't need our business," Bilger concludes.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>




Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>


Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>


Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>


Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>


Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>


(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>






Featured InfoPages

Opening the Election