BeyondBailouts.org | Real Financial Reform

Sign the “No More Bailouts” Petition

Bailout of Fannie Mae and Freddie Mac - $200 Billion
Bailout of Bear Stearns - $29 Billion
Bailout of AIG - $85 Billion
Bailout of money market funds - $50 Billion
Bailout of the rest of Wall Street - $700 Billion
Total cost to date – Over $1,000,000,000,000.
That’s one TRILLION dollars. Trillion with a “T”!

Can you spare any more of your hard-earned money for these bailouts? We didn’t think so. If you’re sick of the bailouts, sign our petition to the President and Congress saying “No more!”

Sign the Petition

Write Your Member of Congress

The National Taxpayers Union, a coalition member at BeyondBailouts.org, gives you the tools you need to contact your member of Congress and the administration.

Tell Washington that you don’t want to pay for bad policies. Tell Congress and the administration it’s up to them to find real solutions to the financial crisis—they can’t solve this problem by throwing money at it.

Congress must privatize Fannie Mae and Freddie Mac, reform destructive accounting rules, and get rid of lending laws that force banks to make bad loans.

We deserve real solutions, not more reckless spending.

Contact Your Member of Congress

How did this happen?

Some of the largest businesses in the world made terrible investments. Lenders relaxed credit standards to give loans that were unlikely to be repaid. Many individuals got themselves into houses they couldn’t afford with shaky mortgages.

Regular Americans don’t have much control over any of these people or companies, but we do have control over who represents us in government. Politicians created the conditions that led to the Wall Street meltdown:

The Federal Reserve’s Easy Money
Fannie Mae and Freddie Mac
Hastily-designed Accounting Rules
Harmful Lending Mandates
“Dirty” Tax Code:

Learn about the causes of the crisis and hold Congress accountable.

Click here for more info

What do we do now?

As markets and businesses take corrective action themselves for the excesses of the past few years, there are things that Congress can do to address some of the root causes:

Privatize Fannie and Freddie
Prosecute Corrupt Officials
Suspend Destructive Accounting Rules
Repeal the Community Reinvestment Act
Clean Up the Tax Code

Instead of shoveling more taxpayer money into the bailout hole, Congress should change the government policies that helped create this mess in the first place.

That means privatizing Fannie Mae and Freddie Mac, reforming destructive accounting rules, and getting rid of lending laws that force banks to make bad loans.

Click here for more info

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What is BeyondBailouts.org?

BeyondBailouts.org is a joint venture of the National Taxpayers Union (NTU) and Competitive Enterprise Institute (CEI). The purpose of the website is to educate about government’s role in our current financial difficulties, suggest reforms that address those root causes, and provide a clearinghouse for the latest analysis of the financial crisis. But most of all, it’s an outlet for Americans to contact their Members of Congress and the Administration to express their frustration.