They said we couldn’t do it. But they were wrong. JwJ and our partners overcame $1.5 Million PER DAY of banker lobbying!
On Thursday, the Senate plans to vote on the Dodd-Frank Wall Street Reform & Consumer Protection Act. This financial reform bill that takes some key steps towards breaking the control that Wall Street has over our country — and we need everyone to ACT NOW to pass it!
Last summer, insiders pronounced banking reform “dead.” They said ‘everyone’ had forgotten about the Wall Street bailout and the obscene bonuses — and that Congress was too dependent on bank money as it approached election season to do anything that would actually make a difference. But a series of mobilizations across the country kept the heat on Congress and an important step towards breaking the power of the banks is within our grasp.
Let’s be real: The Dodd-Frank bill, already passed by the US House, is not the end of the struggle. The big banks are still too big. They still need to be broken up and reined in further, and Dodd-Frank will not end the foreclosure crisis nor put workers and communities in charge of corporate/bank decisions.
The struggle between people and Wall Street must continue, until wse have Full and Fair Employment and a New Economy that works for everyone. But this bill is an important first step, and deserves our support.
