Dear MoveOn member,
Today, President Obama gives his State of the Union address, and we have a question for him: When will he open a federal investigation into Wall Street bank fraud that caused the housing crisis?
The White House has set up several ways for people to ask President Obama questions for the State of the Union. They'll have staff watching these feeds all day, and it's critical he hears from as many of us as possible. That's why we're asking you to take just a few moments to ask the president on Facebook and Twitter whether he'll step up to the plate and investigate big bank fraud.The State of the Union is watched by millions, and it's an opportunity for the president to announce bold progressive policies that help the 99%. President Obama should use his speech tonight to announce a federal investigation and finally hold the big banks accountable.
Without federal action, there's a strong risk that banks could get away with just a slap on the wrist. Yesterday, a meeting between HUD Secretary Shaun Donovan, state attorneys general, and the five biggest mortgage servicers was held in Chicago. The banks were trying to negotiate a settlement that would give them broad immunity and let them off the hook for the fraud that caused the housing market collapse.1
Thanks to the pressure from hundreds of thousands of MoveOn members who signed the petition asking the president to investigate, held events across the country, and made phone calls to the White House, those talks have stalled once again.2 But that's not enough.
We need to keep the pressure on President Obama to take a strong stance and open a federal investigation into the banks' wrongdoing. And we need to make sure he knows that we have his back if he stands up for the 99% against Wall Street fraud.
Can you ask the president when he'll open a federal investigation into the wrongdoing of Wall Street banks?Thanks for all you do.
–Elena, Stefanie, Laura, Steven, and the rest of the team
1. "Protests intensify as mortgage settlement nears," Reuters, January 23, 2012
2. "Iowa AG Miller Claims No Foreclosure Fraud Settlement This Week," Firedoglake, January 23, 2012
"MoveOn, Color Of Change Demand Obama To Investigate Wall Street Banks, Housing Crisis," Huffington Post, January 19, 2012
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 January 24, 2012. To change your email address or update your contact info, click here. To remove yourself from this list, click here.