Leave Dodd-Frank reform bill alone
This petition had 81 supporters
We did it, heeded the call, “let's end welfare for Wall Street banks“; but, now the republicans want to get rid of it- don’t you let them. The five biggest Wall Street banks have had the derivatives market almost entirely to themselves, reaping revenues of $22.6 billion in 2009 alone. Their advantage comes from their size, along with government insurance of their commercial deposits that allows them to borrow more cheaply than other financial institutions. In the past, Senator Blanche Lincoln of Arkansas wants to force the banks to put their derivatives into separate entities that aren't subsidized by taxpayers (and in the future too). This plan that would end the big banks' derivative monopoly, thereby, reducing their risk to the financial system. Please, support improvements like the Lincoln provision to rein in taxpayer subsidies for Wall Street banks; and don‘t let them worsen the Dodd-Frank bill.
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