12:28 PM Eastern - Friday, October 9, 2009

More Than 10,000 Taxpayers Sign Letter to Stop the Ken Lewis Bailout

It's been a little over a day since we invited people to sign on to Anna Burger's letter to the Obama pay czar, asking him to stop payment on Ken Lewis' bailout until Bank of America agrees to clean up its act. Already, more than 10,000 taxpayers have signed the letter, demanding accountability from America's bailed out banks.

Thanks to the overwhelming response from all of you, pay czar Kenneth Feinberg is going to get the message loud and clear - even before we deliver the letter. News outlets from Reuters, to the Consumerist, to the Huffington Post are reporting on our action; and Feinberg is expected to make an official ruling on Ken Lewis' compensation before the end of this month.

Ken Lewis may be the poster boy for big bank greed, but he's not alone. We've got to make sure every CEO and every financial institution that takes our tax dollars is held accountable for their actions. It's as simple as that.

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