GOP Races To Undo Financial Regulations, Freeing Wall Street Firms
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FEATURING ISAIAH POOLE – The House Committee on Financial Services voted to pass the so-called Financial Choice Act in early May, sending the deregulation bill to the entire House of Representatives for a vote some time in early June.
The Financial Choice Act is represents an undoing of the modest financial reforms enacted after the 2008 recession, including a gutting of the Consumer Financial Protection Bureau, Elizabeth Warren’s brainchild.
Wall Street firms are thrilled at the Republican Party’s allegiance to their bottom line. But with corporate America freed from accountability, won’t ordinary Americans pay the biggest price?
Isaiah Poole, Communications Director at People’s Action.