Earlier this week, Republicans AND 16 Democrats in the Senate voted to move forward with the Bank Lobbyist Act, which would deregulate a majority of the big banks that caused the financial crisis 10 years ago.
Now, Republicans are trying to amend the bill to make it even MORE friendly to Wall Street. And some Democrats still seem willing to go along.
Can you call Sens. Dianne Feinstein and Kamala Harris right now and tell them that you oppose any weakening of Wall Street regulations now?
This bill is already horrible. Not only would it allow many big banks to run wild and make the kinds of reckless decisions that led to the 2008 financial crash, it would also intentionally make it easier for banks to get away with blatant racial discrimination when it comes to the types of loans they are offering.
Right now, Republicans and Wall Street Democrats are claiming that this legislation intends to primarily help “community banks.” But the amendments they are considering are blatant giveaways targeted specifically at major banks like Citigroup. Wall Street is using sympathies towards smaller banks as cover