RE: Tell President Obama: Don't sell us out to Wall Street.

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Tell President Obama: Don't sell us out to Wall Street. Make a call today!

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CREDO Action | more than a network, a movement.

Tell President Obama: Don't sell us out to Wall Street. Make a call today!

Dear Friend,

Tim Geithner, the U.S. Treasury Secretary, has a long history of enabling Wall Street misconduct.

Yet President Obama is allowing Secretary Geithner and other top officials in the Obama administration to pressure state Attorneys General to agree to a horrible settlement deal with banks that would let them off the hook for massive amounts of mortgage and foreclosure fraud.2

In exchange for meager penalties, the banks get immunity from future prosecution, even for misconduct that has not been fully investigated and misconduct that might still be ongoing.3

Any settlement like this would amount to little more than another bank bailout4, and according to published reports we might only have a small amount of time to stop it.

Call President Obama and tell him not to sell us out to Wall Street. Click here for the number to call and a sample script.

Americans are paying a heavy price for Wall Street greed. Millions are out of work, millions face foreclosure, and millions more are feeling the pain in some other way. But not one of the Wall Street crooks who drove our economy off a cliff has gone to jail. And without aggressive investigation and prosecution of misconduct, none of them will.

President Obama's political advisors have said that he plans on running against Wall Street as part of his reelection campaign.

But if President Obama really wanted to hold the banks accountable, he'd ensure his administration does nothing less than support investigating, prosecuting and punishing unscrupulous banks to the full extent of the law.

Top officials in the Obama administration cannot act in their official capacity without the backing of President Obama, who is ultimately responsible for what they do. The buck stops with him.

President Obama must stop his administration from pushing this terrible deal.

Call President Obama and tell him not to sell us out to Wall Street. Click here for the number to call and a sample script.

Matt Lockshin, Campaign Manager
CREDO Action from Working Assets

1. "A Deal That Wouldn't Hurt," Gretchen Morgenson, New York Times, Oct. 29, 2011.
2. "The Worst Deal They Could Cut," Mike Lux, Huffington Post, Oct. 31, 2011.
3. "Why a Foreclosure Fraud Settlement is a RIDICULOUS Idea," Matt Stoller, Naked Capitalism, Nov. 1, 2011.
4. "The Next Big Bank Bailout," Matt Taibi, Rolling Stone, Oct. 5, 2011.

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