https://twitter.com/Public_Citizen/status/974056525697376256
https://www.justicedemocrats.com/
Yesterday, over a dozen Senate
Democrats voted in favor of an atrocious bill to deregulate the vast majority
of our nation’s big banks, leaving consumers and taxpayers vulnerable to
another economic disaster.
If this bill becomes law, many
of the big banks who orchestrated the 2008 financial crisis will no longer be
subject to strict oversight. Even worse, it would repeal most of the reporting
requirements that aim to prevent racist lending practices, such as charging
people of color higher fees when buying a home.
These Senate Democrats claim
they voted for it because they’re facing competitive reelection
campaigns. We call bullshit.
The vast majority of voters,
regardless of party, don’t want the Big Banks to destroy the economy again.
They don’t want to lose their retirement, their homes, or their jobs again. And
they don’t trust these banks to behave without stringent regulation.
The only reason to vote for
this bill is to please Wall Street donors, and we’re disgusted that Senators
from our own party would choose profit over people.
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