Evans Liberal Politics
May 27, 2010
Robert Reich: What You Can Do
To Bring Wall Street Under Control
What You Can Do to Bring Wall Street Under Control, Robert Reich.org, May 28, 2010, by Robert Reich, used with permission, quoted verbatim:
The most important remaining battle to rein in Wall Street is over Senator Blanche Lincoln’s measure to stop the big banks from being subsidized by taxpayers for their risky derivative trades. Miraculously, it’s still in the bill but it’s on life support. The bill has now gone to the conference committee where differences between the House and Senate bills are to be ironed out.
But official Washington (read: dependent on Wall Street for money) is dead set against it. Even Barney Frank — who Massachusetts voters used to consider a reliable progressive until he became chair of the House Financial Services Committee — has vowed to kill Lincoln’s provision. And the White House says the measure is “not core,” which in Washington-lingo means “you’re free to dump it.”
Big, big money is at stake. Wall Street’s five largest banks have a corner on the trade, raking in about in about $30 billion in over-the-counter derivatives last year. It’s the single largest reason they’re too big to fail. So they’re spending like mad on Washington lobbyists and campaign donations in order to keep the subsidy in place. (Lincoln’s provision doesn’t force them to give up derivative trading, by the way; it only forces them to do it in a separate entity that doesn’t get subsidized by deposit insurance or the Fed’s discount window).
All the guns are aimed at this measure. But it’s still possible that the people can prevail, if we’re organized and active. Here’s a list of all the Dems on the Senate Banking and House Finance Committee, as well as Republican conferees. All conferees are indicated by ->.
Organize and mobilize your friends and acquaintances, especially those who live in these states or districts, to call their members and make their voices heard. Tell them you want Lincoln’s measure (Section 716 of the Senate bill) to remain in the final bill. Say you’ll hold them responsible if it goes.
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Alabama -> Senator Richard C. Shelby (202) 224-5744
Arkansas -> Senator Blanche Lincoln (202) 224-4843
California -> Rep. Maxine Waters (202) 225-2201 (California-11)
Rep. Brad Sherman, CA (202) 225-5911
Rep. Jackie Speier, CA (202) 225-3531
Rep. Joe Baca, CA (202)225-6161
Colorado -> Senator Michael Bennet (D-CO) (202) 224-5852
Rep. Ed Perlmutter, CO 202.225.2645
Connecticut -> Chairman Christopher J. Dodd (D-CT) (202) 224-2823
Rep. Jim Himes, CT (202) 225-5541
Florida -> Rep. Ron Klein, FL (202) 225.3026
Rep. Suzanne Kosmas, FL (202) 225-2706
Rep. Alan Grayson, FL (202) 225-2176
Georgia -> Senator Saxby Chambliss 202-224-3521
Rep. David Scott, GA (202) 225-2939
Hawaii -> Senator Daniel K. Akaka (D-HI) (202) 224-6361
Idaho -> Senator Mike Crapo (202) 224-6142
Rep. Walt Minnick, ID (202) 225-6611
Illinois -> Rep. Luis V. Gutierrez (202) 225-8203 (Illinois-4)
Rep. Melissa L. Bean, IL (202) 225-3711
Rep. Bill Foster, IL (202) 225-2976
Iowa -> Senator Tom Harkin (202) 224-3254
Indiana -> Senator Evan Bayh (D-IN) (202) 224-5623
Rep. Joe Donnelly, IN (202) 225-3915
Rep. Andre Carson, IN 202-225-4011
Kansas -> Rep. Dennis Moore (202) 225-2865 (Kansas-3)
Massachusetts -> Chairman Barney Frank (202) 225-5931 (Massachusetts-4)
Rep. Michael E. Capuano, MA (202) 225-5111
Rep. Stephen F. Lynch, MA (202) 225-8273
Minnesota -> Rep. Keith Ellison, MN (202) 225-4755
Mississippi -> Rep. Travis Childers, MS (202) 225-4306
Missouri -> Rep. Gary Peters, MI (202) 225-5802
Montana -> Senator Jon Tester (D-MT) (202) 224-2644
Rep. William Lacy Clay, MO (202) 225-2406
Rep. Emanuel Cleaver, MO 202.225.4535
New Jersey -> Senator Robert Menendez (D-NJ) (202) 224-4744
Rep. John Adler, NJ (202) 225-4765
Rep. Scott Garrett (NJ) (R) (202) 225-4465
New Hampshire -> Senator Judd Gregg (202) 224-3324
Rep. Paul W. Hodes, NH (202) 225-5206
New York -> Senator Charles E. Schumer (202) 224-6542
Rep. Gregory W. Meeks 202/225-3461 (New York-6)
Rep. Nydia M. Velázquez, NY (202) 225-2361
Rep. Carolyn McCarthy, NY (202) 225-5516
Rep. Dan Maffei, NY (202) 225-3701
North Carolina -> Rep. Melvin L. Watt (202) 225-1510 (North Carolina-12)
Rep. Brad Miller, NC (202) 225-3032
Ohio -> Senator Sherrod Brown (D-OH) (202) 224-2315
Rep. Charles Wilson, OH (202) 225-5705
Rep. Mary Jo Kilroy, OH (202) 225-2015
Rep. Steve Driehaus, OH (513) 684-2723
Oregon -> Senator Jeff Merkley (D-OR) (202) 224-3753
Pennsylvania -> Rep. Paul E. Kanjorski (202) 225-6511 (Pennsylvania-11)
South Dakota -> Senator Tim Johnson (202) 224-5842
Tennessee -> Senator Bob Corker (202) 224-3344
Texas -> Rep. Rubén Hinojosa, TX (202) 225-2531
Rep. Al Green, TX (202) 225-7508
Rep. Jeb Hensarling (TX) (R) (202) 225-3484
Wisconsin -> Senator Herb Kohl (D-WI) (202) 224-5653
Rep. Gwen Moore, WI 202-225-4572
Vermont -> Senator Patrick J. Leahy (202) 224-4242
Virginia -> Senator Mark Warner (D-VA) (202) 224-2023
Comment by Evans Liberal Politics owner Paul Evans: It’s easy – and it’s a huge cop out, to say to yourself, I’m just one person, I don’t really matter in this whole thing. And it’s dead wrong.
Evans Liberal Politics had a post on May 2, 2010 called Inspirational Thoughts for a Sunday. This being a Sunday, there’s no time like the present to give you just a few relevant quotes for inspiration. Call your friends and get everybody together and make some phone calls. You probably want to wait until tomorrow (Monday) as the Congressional offices are basically closed for the weekend. (Use the email this post feature by loading the individual article from the small title at the top of the article. Or you might print this out, because these are the “swing” Congressmen whose vote is crucial to passing liberal and progressive legislation; you might want to refer to these phone numbers in the future.):
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“The best time to plant a tree was always 20 years ago. The second best time is always today.” ~ old Chinese saying
“Destiny is not a matter of chance, It’s a matter of choice; It’s not a thing to be waited for, It’s a thing to be achieved.” ~ William Jennings Bryan
“Someone once asked me why do you always insist on taking the hard road? and I replied why do you assume I see two roads?” ~ unknown
“The thing always happens that you really believe in; and the belief in a thing makes it happen.” ~ Frank Lloyd Wright
“I’m a great believer in luck, and I find the harder I work the more I have of it.” ~ Thomas Jefferson
“I have the audacity to believe that peoples everywhere can have: three meals a day for their bodies, – education and culture for their minds – and dignity, equality and freedom for their spirits.” — Dr. Martin Luther King, Jr. — And that’s why I am a liberal. ~ Paul Evans
On political activisim: “If you think you’re too small to be effective, you’ve never been in the dark with a mosquito.” — source unknown.
Given to us by GreenSooner over at DailyKos: “Policies that were wrong under George W. Bush are no less wrong because Barack Obama is in the White House.” – Bob Herbert
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