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Elizabeth Warren @SenWarren
, 5 tweets, 3 min read Read on Twitter
The Senate should be working to #EndGunViolence. Instead, Mitch McConnell is teeing up legislation on what he thinks is a much more pressing issue: fulfilling the wish lists of big bank lobbyists.
The Senate – with the support of some Democrats – is set to start debate on a bill to roll back regulations on the same big banks we bailed out a few years ago. If we lose the final vote next week, we’ll be paving the way for the next big crash. politico.com/story/2018/02/…
The #BankLobbyistAct takes 25 of the 40 biggest banks in the country off the watch list for more federal oversight. It weakens consumer protections on mortgages – and makes it harder to fight racial discrimination in housing. huffingtonpost.com/entry/democrat…
We’ve been down this road before. Whenever things are going ok in the financial system, the lobbyists flood the halls of Congress & convince politicians to roll back the rules – because what could possibly go wrong? nytimes.com/1999/11/05/bus…
Are you having déjà vu yet? The #BankLobbyistAct doesn’t benefit anyone besides the big banks. It’s time for the rest of us to fight back and demand that Washington work for us, not the big bank lobbyists. bloomberg.com/view/articles/…
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