BS: Buy-in, not Bail-out

Subject: BS: Buy-in, not Bail-out
From: katlaughing
Date: 10 Oct 08 - 11:24 AM

I know a lot of you don't think petitions are worth anything, but I signed this one and thought some of you might want to, also:

Click Here. Here is some info and what the petition says:

A financial meltdown is threatening economies around the world. We need to move fast and fix the underlying problems -- instead of copying the US bailouts, which benefit reckless financiers most.

Economists and citizens everywhere are raising their voices for a better way: a coordinated global rescue package -- investing in a better future, beginning with public buy-ins not bailouts (that's getting public stakes in the banks for our money, and the power to fix the wider system). We'll deliver our call for a global public rescue at the end of this week to G7 finance ministers, and again to a bigger Global Summit planned for November -- please sign the petition below now:


To world leaders: As citizens, we call for a global public "buy-in" to tackle the financial meltdown, instead of a "bailout" of reckless bankers. We urge you to agree on a bold public rescue package without further delay - taking stakes in the banks, fixing failings, and mobilising public investment to benefit the many not the few.

Subject: RE: BS: Buy-in, not Bail-out
From: Rapparee
Date: 10 Oct 08 - 06:04 PM

Kat, I greatly hope it works but I'm pessimistic about it. Greed will always, it seems, find a way.