[Dialogue] Anyone want to call on the bail out?

[George Holcombe]

Can you take two minutes to call Senator Reid and ask him to oppose  
the bailout unless it includes equity and oversight?

This process is short, easy, and makes a big difference. Here's how it  
works:

	1.	Call 1-888-426-0462. That's CREDO's toll-free action line — we'll  
connect you to Senator Reid's office.
	2.	When you get connected to Senator Reid's office, you'll have the  
option to leave him a voice message right away. Please leave him a  
message asking him to reject the Wall Street bailout unless it  
includes an equity stake for taxpayers, opposes golden parachutes for  
CEOs, imposes a moratorium on all Wall Street campaign contributions  
and PAC activity, strengthens regulations and oversights for the  
banking industry, and helps Americans in danger of losing their homes.  
A bailout without these sensible provisions is just plain  
irresponsible. We can't afford to give the Bush Administration another  
blank check.
	3.	If you don't want to leave a message, you'll also have the option  
to wait on the line to speak to a staff member. Your hold time may be  
several minutes, but if you have the time to wait, we encourage you to  
do so. (See talking points below for live conversations — or longer  
messages!)
And that's the whole process! We want to flood Senator Reid's office  
with messages to make sure he knows that if he caves on this issue, we  
will hold him accountable.

Call 1-888-426-0462 right now to be connected to Senator Reid.

Then, when you're done, can you get five friends involved? (Click here  
to send e-mails from our convenient tell-a-friend page.) We will win  
or lose this fight on the strength and speed of the movement we build,  
so please help us spread the word.

Thank you for fighting back against the Bush Administration.

Kate Stayman-London, Campaign Manager
CREDO Action from Working Assets


Talking points for live conversations and longer messages:

George W. Bush's proposed Wall Street bailout will nationalize losses  
and privatize profits.

And right now, Congress is on the brink of giving Bush a blank check  
for almost one trillion dollars.

What will taxpayers get in return? Nothing. No new regulation or  
oversight to help avoid this crisis in the future. No relief for  
Americans in foreclosure. And no share in the profits if and when  
these finance giants bounce back.

Time is critical. We need to urge Senate Majority Leader Harry Reid to  
block the blank check and demand accountability. Robert Reich has  
suggested five things Wall Street must do to get its blank check:

1. The government should get an equity stake in every company we bail  
out. If the taxpayers are shouldering the risk, the taxpayers should  
reap any eventual benefits.

2. All of the corporate fat cats who got us into this mess should  
relinquish their stock options and salaries until they start showing  
us, their investors, that they can once again be profitable.

3. No more campaign contributions from Wall Street executives and PACs.

4. Better regulations start right now. Wall Street can't expect to  
take thousands of dollars out of your paycheck without agreeing to  
increased transparency and more stringent oversight.

5. Bankruptcy judges get broader leeway to help homeowners. Why should  
we lose our homes so the CEOs can keep theirs?

If Wall Street doesn't like these conditions, then it is welcome to  
find private investors to help it out of this debacle.

Tell Senator Harry Reid not to approve the trillion dollar bailout  
without enacting Robert Reich's five accountability measures. We can't  
afford to give George W. Bush another blank check.

George Holcombe
14900 Yellowleaf Tr.
Austin, TX 78728
Home: 512/252-2756
Mobile 512/294-5952
geowanda at earthlink.net


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