Support No BAILOUTS

Join us in backing a plan to restore confidence in the financial markets. The new bill, called the "No BAILOUTS Act," is an important, short-term solution that protects taxpayers and their savings accounts and reins in the reckless behavior of big banks. The No BAILOUTS Act:

1. Stabilizes the financial markets without writing a blank check to the big banks and CEOs who got us into this mess.
2. Limits future losses by banks without asking taxpayers to pick up the tab.
3. Protects against predatory financial behavior by enacting permanent regulations against short-selling.
4. Loans capital to banks that need it, with taxpayers making money on interest when the banks pay off the loans.
5. Restores consumer and small business confidence in banks by increasing the FDIC Insurance limit to $250,000.

Congress needs to act on a more comprehensive plan to address rising unemployment, stagnant wages, declining home values, the healthcare crisis, and a tax system that is tilted in favor of the wealthy. The Senate can start this week by taking up the economic stimulus plan passed last week by the House.