I imagine cheers erupting from Wall Street last weekend as news spread that bank lobbyists had undermined important financial regulations in a must-pass spending bill.1
But Wall Street lobbyists must've been less happy when their stealth campaign was brought into the open and triggered a massive backlash from millions of Americans.
Last week, thousands of MoveOn members joined Senator Elizabeth Warren by calling Congress to demand that it strip out a provision written by Citigroup lobbyists that gutted some important protections in the Dodd-Frank Act—Wall Street reform safeguards put in place after the 2008 financial crisis.2
And tomorrow, we're joining our friends at the Progressive Change Campaign Committee (PCCC) who have called for an in-person action in front of Citigroup headquarters, beginning at 11 a.m., echoing Sen. Warren's call for Citigroup to be broken into pieces.3
Can you join tomorrow's action calling on Congress to break up "too big to fail" banks like Citigroup?
Wall Street gave tens of millions of dollars to Congress during the midterm elections.4 This spending legislation proves those campaign contributions was money well spent. But Congress doesn't answer to big banks such as Citigroup, JP Morgan, and Bank of America. Congress answers to us, the American people.
Can you show up tomorrow and stand shoulder to shoulder with progressive champion Elizabeth Warren who has come out swinging in opposition to this reckless legislation?
What: Action outside of Citigroup's corporate headquarters, in support of Senator Warren's call to break up the big banks. Organizers will provide signs to hold.Thanks for all you do.
Where: 399 Park Avenue (Midtown Manhattan)
When: Tomorrow—December 18—beginning at 11 a.m.
Who: Other MoveOn members, our friends at PCCC and the Working Families Party, money-in-politics reformer Zephyr Teachout, and more
–Anna, Justin K., Ben W., Erica, and the rest of the team
P.S. If you haven't yet, please take a moment to watch Sen. Elizabeth Warren shine a national spotlight on Citigroup. Listen to her call to arms from the Senate floor, where she says, "There is a lot of talk coming from Citigroup about how Dodd-Frank isn't perfect. So let me say this to anyone who is listening at Citi—I agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces." Please watch and share the video right now.
1. "Obama quietly signs $1.1 trillion spending bill," Wall Street Journal, December 17, 2014
2. "Wall Street seeks to tuck Dodd-Frank changes in budget bill," The New York Times, December 9, 2014
3 "Elizabeth Warren slams spending bill's Dodd-Frank provision," MSNBC, December 12, 2014
4. "Wall Street donors dump Democrats," CNN Money, November 3, 2014
Want to support our work? MoveOn.org Civic Action is entirely funded by our 8 million members—no corporate contributions, no big checks from CEOs. And our tiny staff ensures that small contributions go a long way. Start a monthly donation here or chip in a one-time donation here.
This email was sent to eddie alfaro on December 17, 2014. To change your email address or update your contact info, click here. To remove yourself from this list, click here.