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Better Markets Statement on Efforts to Use Appropriations Bill to De-Regulate Wall Street

FOR IMMEDIATE RELEASE
Wednesday, September 16, 2015
Contact: Jeff Gohringer, 202-618-6430 or jgohringer@bettermarkets.com

Better Markets Statement on Efforts to Use Appropriations Bill to De-Regulate Wall Street

Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement following remarks by Senator Coons, Senator Merkley, Senator Schumer, and Deputy Secretary of the Treasury Sarah Bloom Raskin calling on Congress to pass a clean funding bill without dangerous Wall Street deregulation provisions:

“Americans are still recovering from the 2008 financial crash that cost our economy more than $20 trillion and millions of people their jobs, homes, savings, and more. There’s been substantial economic progress since the dark and terrifying days seven years ago this week when Lehman Brothers failed and taxpayers had to bail out AIG to prevent a second Great Depression. As Senator Coons, Senator Merkley, Senator Schumer, and Deputy Secretary Bloom Raskin said today, Wall Streets’ attempts to gut financial protections and make another collapse and crisis more likely have no place in an appropriations bill. Its special interests and loopholes are not more important than the funding priorities of the American people. Instead of siding with Wall Street, Congress should pass a clean funding bill that defends financial reform and protects families on Main Street.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit  www.bettermarkets.com.​ 

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