We all see the writing on the wall.  A recession is coming, and the Fed and the Treasury are already putting in place bailout facilities for Wall Street. We all know the playbook, and we know how this ends.

The cost of living is skyrocketing. Bankers made out like bandits after 2008, giving out more than 20 billion in executive bonuses while the global economy crashed due to their negligence and greed. We saw it again in 2020, and again in 2022 with programs like the BTFP. More bailouts mean more inflation and higher asset prices. As a citizen who has worked hard to save my entire life, I see myself and others who "did the right thing" punished by a system that prioritizes bankers. 

For too long, Wall Street has counted on the government to bail them out of their problems, time and again. There is never enough money for healthcare, education, infrastructure, housing, you name it. But the second the banks are in trouble? We somehow have trillions of dollars we can come up with. The consequences? An increase in inflation rates, soaring asset prices, and a burdensome cost of living.

The 2008 crisis never ended, they just kicked the can by providing liquidity to the system at the cost of taxpayers. Ever since, banks and hedge funds maintain maximum leverage and maximum risk at all times, because they KNOW if they are ever in trouble the money printer will be fired up to bail them out. They're now giving out payment plans for doordash and tickets to coachella. They KNOW these loans will never be repaid. They know this will all crash. But they need to continually flood the system with new money in order to pay old debts, and they know the bad debt they issue will be bought off by the taxpayers during the bailout. We have all seen the charts of Goldman Sachs and others levered up 150:1. It needs to end. The moral hazard created by this has gone septic, and the entire financial system needs to be cleansed. 

It's high time we demand NO MORE BAILOUTS FOR WALL STREET. Our government must stop prioritizing the wants of the bankers over the needs of the people. The top 10% of Americans own more than 90% of the stocks. But the bottom 90% is who feels the pain during the crash, and the inflation caused by the subsequent bailouts. Bailouts only boost asset prices, which is great for the few who already own the assets. For everyday Americans? This makes the prospect of ever obtaining real assets unaffordable, as they watch their wages stagnate while asset prices soar.

Sign this petition to call on our government to stop further bailouts for Wall Street.