Dear MoveOn member,
The SEC is bringing a civil suit against Goldman Sachs for fraud.
Why? In a nutshell, Goldman slapped a "Grade A" label on investments that they had specifically designed to fail, and then sold them to unwitting investors and made billions of dollars.1
It's good to see regulators finally starting to hold Goldman accountable with a civil suit—but what they did could be criminal and if so, they should go to jail. Period.
A group of Democratic representatives are pushing the Justice Department to start a criminal investigation against the wrongdoers at Goldman,2 but they need public support to counter Wall Street's enormous influence. Can you sign the petition demanding a criminal investigation? Clicking here will add your name:
This push has a real shot at succeeding. More and more representatives are demanding a criminal investigation each day. The whole country is pissed at Wall Street. But a slap on the wrist isn't going to change their behavior.
The plain truth is that too often, Wall Street's business plan relies on screwing over regular American families and getting rich off of our misfortunes.
Just look at what's happened over the last year—people have lost their homes, their savings, their pensions. Meanwhile firms like Goldman are handing out BILLIONS of dollars in bonuses.3
It's time to stand up and say "Enough!" What they're doing could be a crime and if it is, they need to go to jail.
Can you sign the petition demanding a criminal investigation? We'll deliver it to your senators, representative and the Justice Department right away. Clicking below will add your name:
Thanks for all you do.
–Nita, Daniel, Milan, Anna and the rest of the team
1. "SEC accuses Goldman Sachs of defrauding investors," Associated Press, April 16, 2010
2. "House Democrats calling for criminal investigation of Goldman Sachs," The Hill, April 21, 2010
3. "Goldman Sachs Will Pay $5 Billion in First-Quarter Bonuses," Gawker.com, April 18, 2010
Want to support our work? We're entirely funded by our 5 million members—no corporate contributions, no big checks from CEOs. And our tiny staff ensures that small contributions go a long way. Chip in here.
PAID FOR BY MOVEON.ORG POLITICAL ACTION, http://pol.moveon.org/. Not authorized by any candidate or candidate's committee. This email was sent to eddie alfaro on April 23, 2010. To change your email address or update your contact info, click here. To remove yourself from this list, click here.