Wall Street Reform a First Step to Taking Back America
 |
|
Even though Congress is poised to pass the strongest Wall Street reform in recent history, the current bill is just the beginning of the broad reforms we need to take back the country from the Big Banks, a panel of experts said today at the America’s Future Now! conference in Washington, D.C.
The conference is sponsored by the Campaign for America’s Future (CAF). (If you haven’t signed up and are in the Washington, D.C., area, up you can register onsite at the Omni Shoreham Hotel [2500 Calvert Street, N.W.]. Click here for more information.)
For the first time in decades, Main Street has a chance to rein in the Big Banks, said Heather Booth, director of Americans for Financial Reform.
David vs. Goliath: The Fight Begins for Reform of the Financial Industry
|
||||
Most Americans want strong regulation of our nation’s financial markets, according to a poll released today by Americans for Financial Reform (AFR), a coalition of nearly 200 investors and civil rights and community organizations.
The poll, conducted by Lake Research Partners, surveyed 900 likely voters in 77 “Blue Dog” or conservative Democratic districts and those in politically competitive Democratic districts.
More than two-thirds of voters in all the districts support creating the Consumer Financial Protection Agency (CFPA) to “create and enforce a strong set of rules to require fair, affordable, understandable and transparent financial products like bank loans, mortgages and credit cards for families and small businesses.”
When asked if there was too much, too little or just the right amount of regulation of banks, the stock market and credit card companies, voters agreed, by a 23-point margin, there’s too little rather than too much regulation.
