• Home
  • About
  • Links

Feeds:
Posts
Comments

Public interest battle vs. Wall Street rages on

December 10, 2009 by Rick Claypool

The House financial reform battle has been nothing if not brutal. Can you join the fight for the Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173)? The bill goes to a vote on the House floor tomorrow, and we need you to turn up the pressure on your representatives.

Here is an update on amendments that your representative needs to know you support, and those that need to be defeated.

  • SUPPORT the Stupak/DeLauro/Larson/Van Hollen amendment on derivatives. Regulators must have the authority to ban abusive derivatives instruments rather than simply reporting them to Congress, and transactions which violate the law should be considered invalid.
  • OPPOSE the Minnick amendment to eliminate a new Consumer Financial Protection Agency (CFPA) from the bill. It would leave enforcement of consumer protection and civil rights laws in the hands of the same existing regulatory bodies that resoundingly failed to use them.
  • OPPOSE the Marshall amendment, which would deny financial whistleblowers the right to hold their employer accountable in court when they are retaliated against.

Call or email your representative today. You can also show your support by signing the petition at Change.org . With enough signatures, the message about the need for a Consumer Financial Protection agency will be blasted to thousands more activists. We need to stand firm against predatory banking practices and prevent financial crises from crippling our economy ever again.

  • Share this:

Posted in Activism, Consumer Protection, Financial Regulation, Social Justice | Tagged Activism, arbitration, bailout, Congress, Consumer Protection, corporate power, financial reform, lobbyists, money in politics, wall street | 1 Comment

One Response

  1. on January 11, 2010 at 5:15 pm Marc Cherbonnier

    Keep financial service companies and banks separate and regulate them separately.

    If you don’t, the people will rise up and kill them.



Comments are closed.

  • Follow Our Tweets!

    • Sign Petition @change: Amend the Constitution to Prevent Corporate Control of Our Elections http://chn.ge/9FNQvW 10 hours ago
    • Some info. on the latest #Gulf explosion: Company that owns rig has ties to #Enron, evaded royalties. http://bit.ly/bvx6x0 #BP #oil #p2 14 hours ago
  • Support Our Work

  • Socialize With Us

  • Categories

  • Visit Our Other Sites

    • Public Citizen Read our reports and publications
    • Eyes on Trade Challenging globalization
    • Citizen Energy Fighting for a sustainable future
    • Law & Policy Justice for consumers
    • Texas Vox Activism from the Lone Star state
    • Worst Pills An independent pharma watchdog
  • Recent Comments

    gnudarwin on Another oil rig explodes in Gu…
    Elmer on Want to get out of jury duty? …
    nellypc on Astroturf alert: Rallies again…
    CS on “Dead Bird Island…
    CS on Warning: Hot Coffee may change…
  • Flickr Photos

    dorry1

    dorry2

    dorry3

    More Photos
  • Watch videos at Vodpod and other videos from this collection.
  • Tags

    access to justice Activism arbitration bailout banking big oil BP Campaign Finance campaign finance reform Citizens United Congress Consumer Protection corporate power DISCLOSE Act Don't Get Rolled economy Energy energy & climate EPA fair trade FDA financial reform first amendment free trade global warming government reform gulf of mexico Health health & safety health care health care delivery Lobbying lobbyists money in politics obama offshore drilling oil oil spill scotus single-payer Supreme Court Transparency Transportation wall street wto
  • Archives

  • Meta

    • Register
    • Log in
    • Entries RSS
    • Comments RSS
    • WordPress.com
  • Spam Blocked

    22,848 spam comments blocked by
    Akismet

Blog at WordPress.com.

Theme: Mistylook by Sadish.


loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.