Rep. Waters Is Right: Wall St. Needs to Support Financial Reform

Following the JP Morgan debacle in which $2 billion, no wait, $3 billion has been lost due to risky bets, Representative Maxine Waters (D-CA) makes the following requests of all financial industry executives in a recent blog posting:

  • Stop undermining the Dodd-Frank legislation
  • Stop pressuring regulators to weaken rules
  • Publicly declare support and full funding for the SEC and the Commodity Futures Trading Commission so they can exercise needed oversight

She notes that “big banks will fight against regulation, even when it is in their own best interests.” How true….and how dangerous.

Leave your big bank today:



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