Congress is about to open the door to another taxpayer-funded bailout of our nation's largest banks—unless we act right now.
Can you call Rep. Meeks? Tell him, "Congress works for us, not Wall Street. Please save the Dodd-Frank Act and pass a clean budget."
Representative Gregory Meeks
You may have heard that members of the House and Senate submitted a spending bill to fund the majority of government programs for the rest of the fiscal year.1
But here's the deal: this spending bill has been corrupted by Wall Street banks that are actively working to undermine rules that currently prevent them from wrecking the economy. In fact, Citigroup lobbyists reportedly wrote the part of the bill that would actually gut some important protections in the Dodd-Frank Act—safeguards that were put in place after the 2008 financial crisis.2
Simply put, the spending bill as it stands raises the risk of more taxpayer-funded bailouts for the big banks. It is unacceptable in its current form and must be defeated. Here's where we come in.
Reports are that this bill may be decided as early as 10 a.m. TODAY. Can you call Representative Gregory Meeks right now?
Tell him, "Congress works for us, not Wall Street. Please save the Dodd-Frank Act and pass a clean budget."
Here's where to call:
Representative Gregory Meeks
Phone: (202) 225-3461
Then, please report your call by clicking here:
Americans know all too well what happens when financial institutions deemed too big to fail gamble with funds backed by the government. Our families still carry the residual burden of taxpayer-funded bank bailouts.
Wall Street gave tens of millions of dollars to Congress during the midterm elections.3 This spending legislation proves that 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.
By making calls this morning, we're standing shoulder to shoulder with progressive champion Elizabeth Warren and others who have come out swinging in opposition to this reckless legislation.4
Thanks for all you do.
–Anna, Stephen, Jadzia, Matt, and the rest of the team
1. "Mammoth spending bill poised for passage," Politico, December 10, 2014
2. "Wall Street seeks to tuck Dodd-Frank changes in budget bill," The New York Times, December 9, 2014
3. "Wall Street donors dump Democrats," CNN Money, November 3, 2014
4. "Elizabeth Warren is really angry about Dodd-Frank change," CNN Money, December 10, 2014
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