No More Dough Till We Know Where It Goes

Tell Congress -- no more money for banks until they tell us where it has all gone. We'll be delivering your comments personally to members of Congress this Wednesday, when Barney Frank's Financial Services Committee holds an AIG hearing on Capitol Hill:

Talking points:

Yesterday AIG paid $165 million of the $450 million it will pay this year in "retention bonuses" to executives in its Financial Services Group, the out-of-control derivatives trading arm that looted the company, destroyed its stock and contracted for huge bonuses even after they saw the risk of collapse.
The $450 million was just a portion of the $1.2 billion AIG will pay out in bonuses across the board within a company that lost $100 billion last year.
Rep. Barney Frank, chairman of the House Financial Services Committee, wants to try and recover these bonuses.
American taxpayers now own $80% of AIG after paying $173 billion to keep it afloat.
Larry Summers says the government simply can't break the contracts that AIG had with executives, even as the Treasury is forcing auto companies to break their labor contracts as a condition of receiving TARP funds.
Meanwhile, 21% of Americans are struggling to pay for the health care, and going without treatments they need.

Petition Text:

Dear Members of Congress:

The public needs to know where all our money has gone. Restoring public trust is critical in getting our economy back on its feet. We ask that you move swiftly to re-regulate and bring transparency to a financial system whose rules have been written by bank lobbyists for their own benefit. No additional bank bailout funds should be approved until that happens.

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