Dear MoveOn member,
In just 3 days, more than 200,000 people have signed our petition asking President Obama to "hold Wall Street banks accountable by fully investigating the Big Bank fraud that caused the housing crisis." Next Thursday, January 19, we'll deliver these petitions to local Obama campaign offices so that he uses his power to make Wall Street pay.
Despite wrecking our economy and harming millions of Americans, Wall Street still hasn't had to account for its actions. Adding insult to injury, although Big Banks foreclosed on nearly 350,000 homes over the past few months,1 banks are set to give out a whopping $156 billion in compensation this year, including executive bonuses.2
President Obama has a choice to make: Let the banks off the hook or order a full federal investigation into bank practices during the housing crisis. President Obama has referenced FDR's famous quote before: "You've convinced me. Now go out and make me do it." Can you help "make him do it" by hosting an event in front of your local OFA campaign office?
The president has the power to order this investigation today and start the year off right. Emboldened by the energy of the 99% movement, he recently bucked the GOP and Wall Street to appoint Richard Cordray as Director of the Consumer Financial Protection Bureau. Now we need President Obama to keep fighting to bring Wall Street to justice.
On January 19—just five days before his State of the Union address—we'll gather to deliver our petitions in front of Obama's campaign offices in all 50 states for "Yes He Can?" events. We'll call on President Obama to stand strong with the 99% and make sure Bank of America, Wells Fargo, Chase, and other Big Banks are held accountable.
Can you host a "Yes He Can?" event to ask the president to use his power to make Wall Street pay?
Hosting an event is powerful and easy. You'll get all the materials you need and access to the petitions from MoveOn members for the delivery. If you don't have an office near by, that's OK—just hold the event outside of the nearest Wall Street bank branch—then, mail in the petitions.
Thanks for all you do.
–Elena, Robin, Peter, Stefanie, and the rest of the team
1. "Home foreclosures jump in third quarter," Reuters, December 21, 2011
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2. "Report: Big Bank Bonuses in 2011," New Bottom Line, accessed January 10, 2012
I remember when MoveOn was on Osama's side. Now, he's another problem to be dealt with.