Middle-class America has taken hit after hit for the past thirty years. It’s time to fight in a manner recognizable by the political liars and financial bullies. Perhaps we should protest by suing (en masses) congressmen, presidents, banks and related financial institutions.
AMERICAN MIDDLE-CLASS HOUSEHOLDS
UNITED STATES CONGRESSMEN (from 1980 to Present), UNITED STATES PRESIDENTS (from 1980 to Present), ALL BANKS RECEIVING BAILOUTS (from 2007 to Present), and MAJOR CREDIT RATING AGENCIES
CAUSE of ACTION
- Since 1980, plaintiffs’ wealth has transferred to Wall Street, big businesses, the rich, banks and other financial institutions due to legislation enacted by Washington politicians.
- Since 1980, Presidents and Congressmen have breached campaign promises and oral contracts presented to plaintiffs during election cycles.
- Presidents and Congressmen have created legislation favoring Wall Street, banks, big business and similar entities as compensation for heavy campaign financing.
- Since 1980, Congressmen and Presidents have enacted legislation deregulating the financial industry.
- Banks engaged in reckless business practices that caused the financial crisis starting in 2007 to present. These reckless practices had a negative and catastrophic impact on the worth of plaintiffs’ assets.
- Banks and credit rating agencies established relationships that enabled faux-positive grades on toxic financial products.
- As a result of defendants actions referenced in items 1 through 6, plaintiffs’ owned assets and ability to grow wealth have greatly diminished.
WHEREFORE, plaintiff demands judgment against defendants as set forth below:
- Compensatory damages of $10,000,000,000,000.00;
- Cost of suit; and
- Such further relief as the court may deem proper.
It would be interesting to see how the financial industry and elected officials respond to this type of political activism.
Any law professors or students out there willing to take on a project like this? Facebook and Twitter are a great way to spread the word, gather plaintiffs and get public endorsement.
Let’s send a message they understand.
Roger Ingalls is well-traveled and has seen the good and bad of many foreign governments. He hopes his blogging will encourage readers to think more deeply about the American political system and its impact on US citizens and the international community.