WLJA believes big banks must break up! The Emergency Economic Stabilization Act of 2008, also called the "bank bailout of 2008," was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by then President George W. Bush.
Big Banks should not be bailed out, instead we propose regulations to big banks to help protect Americans from the risky investment behaviors of big banks. We would also like to reinstate consumer protections that require separation between commercial and investment banking. Lastly, if banks do need to be bailed out, we believe the money should be given to the consumers and they can decide how to reinvest their funds.