Nearly two years after Wall Street excess nearly destroyed the economy, the House of Representatives has given final passage to a comprehensive package of Wall Street reforms. I’m proud to say that all five members of our Congressional Delegation in Connecticut voted the right way and stood with Main Street.
The big banksters aren’t used to losing. But if Wall Street can spend a million dollars a day lobbying against, there’s no doubt they’ll spend at least as much to try to punish members of Congress who were willing to stand up to Wall Street greed.
Members of Congress who stood with us need to know that we’ve got their backs.
Click here to send a much deserved thanks to your member of Congress for reforming Wall Street.
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The Wall Street reform package will now head to the Senate. And while it’s not flawless, if this legislation passes in the Senate (still not a sure thing) this will be the most important and far reaching reform of Wall Street since the New Deal.
This plan creates vital consumer protections and establishes and a new Consumer Financial Protections agency; it ends big bank bailouts and the culture of ‘too big to fail’; and it puts a halt to Wall Street’s most speculative casino practices that have threatened to destabilize the whole economy.
The reforms don’t do everything they should — but they do more than any other Wall Street reforms in generations. That’s something to be proud of.
Wall Street spent millions on TV advertising to oppose these reforms. So let’s make sure representatives here from us — the voters — that they did the right thing.
Click here to thank your representative for standing with Main Street.
Thanks for all you do.
And don’t forget to help us spread the word by forwarding this email along to friends and family, or by sharing on Facebook after you send your message.
One more thing: the Wall Street reform package underwent many changes as it moved through the sausage-making process in Congress. If you’re curious about the specifics of the final legislation, Americans for Financial Reform has a good write-up of the major components here.