I don’t care what Sarah Palin says – our nation’s economic meltdown was caused by too little regulation of Wall Street. Now that we’ve seen how much damage can be done when we leave this industry to operate without oversight and accountability, it’s time to make sure we finally fix the problem and put in place regulation that makes sense. To learn more about this issue and the reforms we need, check out Public Citizen’s Congress Watch fact sheet on Financial Accountability and Security.
One of the reforms we need is about to come up for a vote in the House of Representatives and of course industry lobbyists are spending millions trying to block any meaningful reform. The Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173) was written to provide a major overhaul of the financial industry that would ensure more accountability, stability, and protection for consumers. This legislation includes a provision to create a strong Consumer Financial Protection Agency with the ability to place limits on predatory behavior like that which contributed to the recent mortgage crisis. Strong consumer protections like this are vital to the health of our nation’s economy and must be preserved.
Please take a moment to tell Congress to pass the financial reform package with no exemptions or loopholes in accountability. Tell your representative you want a strong Consumer Financial Protection Agency and a strong economy that works for all of us.
Click here to send your message from the Public Citizen website
You can also ask your representative and senators to support a strong Consumer Financial Protection Agency by phone by calling the U.S. Capitol Switchboard at (202) 224-3121.
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