No Sweetheart Deal For Big Banks

Washington, DC – Progressive groups are uniting today to send a strong message to the White House that bankers who commit fraud ought to be investigated, prosecuted and sent to jail. The Campaign for America’s Future and MoveOn, Credo, Progressives United, New Bottom Line, and Color of Change are working together to deliver more than 360,000 petitions to the White House and to the Chicago offices of Obama for America. The petition asks the President not to let the banks off the hook: No Deals. Investigate. Prosecute.

“Obama administration officials have been trying to pressure state attorneys general to cut a deal with bankers who broke the law and devastated the economy,” said Roger Hickey, co-director of the Campaign for America’s Future. “It’s clear from the overwhelming response to this petition drive that the public wants to see bankers who hurt the U.S. economy investigated and prosecuted to the fullest extent of the law.”

Link to Campaign for America’s Future’s Petition: Don't let banks off the hook. No deals. Investigate. Prosecute

Petition to President Obama:

“We the undersigned urge you, President Obama, to launch an immediate investigation into what the FBI warned was an “epidemic of fraud” that contributed to the housing crisis and threw millions out of their homes. The proposed sweetheart deal that would prevent such an investigation from taking place should be stopped. It is vital that the laws be enforced, that those who broke the law be held accountable – or else Wall Street bankers will feel free to defraud people in the future.”

Articles by Campaign for America's Future's co-director Robert L. Borosage: No Sweetheart Deals for Big Banks
and by Senior Fellow Richard Eskow: New Bank Deal Still Unfair