Few dispute the fact that greedy big bank CEOs and their 1,500 lobbyists bought policies in Washington over the last 10 years that have led to the economic crash.
Now in the wake of massive incompetency and insider self-dealing by the banks, we have our best chance in a generation to pass common sense reforms that protect consumers.
Big banks took billions in taxpayer money from the bailout, and then their CEOs handed out big bonuses to themselves while homes were lost, jobs were destroyed, and businesses closed. Washington has rewarded the big bank CEOs for their incompetency time and time again. This time, let's get it right.
We must create an independent Consumer Financial Protection Agency that will crack down on exorbitant fees and deceptive practices of credit card companies, mortgage brokers, and others who prey on hard-working Americans.
Your pressure works. Thanks for taking action.
It's time for Democrats to stand up. Democrats on the Senate Banking committee need to know it is unacceptable to allow big bank CEOs and their lobbyists to kill consumer protection.