Letter to NYS Senate Majority Leader regarding banking crisis
by Nada Khader | Mar 17, 2023 | Blogs, Communities & Focus Areas, Director's Blog, Economic and Human Rights, Frontpage, Movement Building
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Letter to NY Senate Majority Leader regarding banking crisis:
www.neweconomynyc.org
www.neweconomynyc.org
Tell Congress: Repeal the Trump-era Rollbacks. Co-Sponsor the Secure Viable Banking Act Now!![]()
When Congress passed legislation in 2018 that repealed key pieces of the Dodd-Frank reforms enacted after the global financial crisis only a decade earlier, many experts warned what would happen. ![]()
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The bipartisan 2018 bill that Trump signed deregulating mid-sized banks and removed strict requirements designed to ensure their solvency and protect consumers.![]()
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Now, with the failures of Silicon Valley Bank and Signature Bank, the predictions proved true. Banking regulators quickly had to step in with decisive actions to guarantee deposits and stop contagion from spreading across the banking system.![]()
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If mid-sized banks are going to endanger financial stability, they must be held to strict standards otherwise the public pays the price for risky behavior, while fat-cat bank executives rake in the profits and get off scot-free.![]()
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In response to this crisis, Senator Elizabeth Warren of Massachusetts and Representative Katie Porter of California have introduced the Secure Viable Banking Act that would restore the rules on mid-size banks that were repealed in 2018.![]()
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Click here to sign and send your message to Congress urging your Senators and Representative to sign on as co-sponsors of the Secure Viable Banking Act now.
Urge Your Members of Congress to Co-Sponsor the Secure Viable Banking Act Now!
actionnetwork.org
When Congress passed legislation in 2018 that repealed key pieces of the Dodd-Frank reforms enacted after the global financial crisis only a decade earlier, many experts warned what would happen. The ...
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Animal Nations and the Doctrine of Discovery
doctrineofdiscovery.org
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#CommunitiesNotCages is fighting to overhaul NY’s racist sentencing laws. Use this tool, p2a.co/pkru7PJ, to demand your lawmakers stand with us to:![]()
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❌ ELIMINATE MANDATORY MINIMUMS![]()
❌ END EXTREME SENTENCING![]()
✅ SUPPORT TRANSFORMATION![]()
❤️ And bring our loved ones home!