, 5 tweets, 2 min read Read on Twitter
Memories working for Bernie on the House Financial Services Committee:
- The Greenspan takedowns
- Passing $27B Nat'l Affordable Housing Trust Fund 34-33
- Losing credit card interest rate bait and switch amdt (eventually became law)
- fighting against Glass-Steagall repeal
To be frank, it was a very frustrating committee. It was pretty obvious the reason many chose to serve on Financial Services was to serve Wall Street and get increased campaign contributions from big banks. I hope today is the beginning of a brand new day. opensecrets.org/cong-cmtes/ove…
I'll never forget, after a meeting with GOP staff on the financial services committee one day, I said I had to work with my boss on a statement & questions for an upcoming hearing. They laughed & said "You're so funny! Banking lobbyists write all of our statements & bills for us"
At a financial services committee hearing, I recall giving a member from our side of the aisle a letter against usurious credit card interest rates. His staffer told him: "That's from the consumer groups. Don't listen to them. They don't know what they're talking about." Really
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