Wages have been largely flat. 44 percent of Americans adults can’t afford an emergency expense of $400. One in four renters spends half their income on housing. But in light of all that, this Congress thought the best thing to do was to pass another giveaway to big banks.
#DoddFrankRollBack – which just got signed into law – increases the likelihood of a big bank failure and a financial crisis, and adds $671 million to the deficit. Make no mistake: it's a gift for Wall Street, and a setback for Main Street.
Last week, @Pontifex called our current financial system “an inadequate framework that exclude[s] the common good.” We're not going to give up on making that better – and that starts with listening to the people we serve, and fighting for the protections they need.
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