Sunday, March 29, 2009

Ever Heard of "A New Way Forward"?

Ever heard of A New Way This is a group of people that are trying to arrange a rally on April 11 to protest the current attempts to "fix" the financial system. Below is a statement of their Plan. Before you disregard this group out of hand, if memory serves me right the anti-war protests in the late 1960s started with anti-war demonstrations at the University of Wisconsin in 1964 with about 20 protesters and virtually no press coverage.

Just maybe the time has come for people to speak out. Trust me it is way overdue.

The Plan

DECENTRALIZE: Any bank that's "too big to fail" means that it's too big for a free market to function. The financial corporations that caused this mess must be broken up and sold back to the private market with new antitrust rules in place -- new banks, managed by new people.

As Wall St. corporations grew bigger and bigger until they were “too big to fail,” they also became so politically powerful that they led to distorted and unfair policies that served companies, not citizens.

Its not enough to try to patch up the current system. We demand serious reform that fixes the root problems in our political and economic system: excessive influence of banks, dangerous compensation systems, and massive consolidation. And we demand that the reform happen in an open and transparent manner.

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