Thursday, May 14, 2015

A group good enough to get Sen. Liz Warren to let them use her name on a fundraising pitch

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It's been six and a half years since Wall Street broke our economy, but the fight for accountability and a level playing field is far from over.  

Right now, the big banks and financial institutions – and their armies of lawyers and lobbyists in Washington – are systematically chipping away at the rules on Wall Street. And that's why Americans for Financial Reform is so important.

For years, I've worked hand-in-hand with AFR—first to get the Consumer Financial Protection Bureau and other critical Dodd-Frank reforms passed into law, and then to protect those laws from being gutted by financial industry lobbyists. This is a David vs. Goliath fight, and if we're going to have any chance at fighting back, we need AFR more than ever.

Can you join me in supporting AFR's effort to stand up to Wall Street and to fight for tougher rules moving forward?  Your contribution of $25 can make a big difference.

If you need proof that Wall Street is working to weaken financial regulations, take a look at what happened in December. Citigroup lobbyists slipped a provision into the must-pass budget package to make it easier for the biggest banks to get bailed out again in the future. JPMorgan CEO Jamie Dimon personally called up members of Congress to lobby for their votes.

We fought our hearts out to stop it, but we lost that battle. Even so, the hard work of AFR and its coalition of consumer, labor, civil rights, faith-based, and community organizations helped send a loud and clear message to Wall Street that ripped through Washington: If you try to bring back the sort of reckless gambling that caused the economic crisis, there's going to be a fight.

We've seen a real shift in Washington as a result of that fight.  The attacks continue, there is a lot at stake, and we still have a lot of work left to do -- but there is a little less bravado among the Wall Street lobbyists and a little less momentum behind further rollbacks.   
We fight for Wall Street accountability so that Congress puts in place strong laws and the government regulators enforce them. We fight to protect consumers from tricks and traps, to end reckless gambling by Wall Street, and to protect taxpayers from bailouts. We fight because it's the right thing to do. 
I hope you'll take a moment today and make a donation to AFR. Your support will help them make sure the big banks don't always get the last word in Washington on policies that make a difference to all of us.
I appreciate your support for AFR, and I hope you can contribute to its very important work.
Elizabeth Warren
U.S. Senator

p.s.  Whatever happens or doesn't happen in Congress, there are a lot of important decisions being made all the time at the at the banking oversight agencies.  Many Dodd-Frank rules haven't been implemented or even written yet, and AFR is on the front lines pushing for strong, tough rules – and enforcement of the rules. I hope you can support their work with a $25 contribution.
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Sent by Americans for Financial Reform
1629 K Street NW, 10th Floor, Washington, DC 20006 - (202) 466-1885

"Let's live on the planet as if we intend to stay."

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