To: All Presidential Candidates
Calling on all candidates: Support Elizabeth Warren’s agenda for Wall Street Reform
We call on you to support the no-nonsense proposals laid out by Senator Elizabeth Warren in her speech on the “unfinished business of financial reform.” That means making a commitment to and working for action to:
• Reduce the size and power of the Too Big to Fail banks and restore the Glass-Steagall division between investment and commercial banking;
• Stop Wall Street from gambling with low-cost, government-backed debt;
• Change the tax code to discourage excess leverage and recklessness on the part of bankers and traders;
• Enact a financial transaction tax to restrain high-frequency trading and wasteful speculation; and
• Lay down rules to ensure that the big banks are held accountable when they violate the law.
• Reduce the size and power of the Too Big to Fail banks and restore the Glass-Steagall division between investment and commercial banking;
• Stop Wall Street from gambling with low-cost, government-backed debt;
• Change the tax code to discourage excess leverage and recklessness on the part of bankers and traders;
• Enact a financial transaction tax to restrain high-frequency trading and wasteful speculation; and
• Lay down rules to ensure that the big banks are held accountable when they violate the law.
Why is this important?
Elizabeth Warren gave an important speech last week on the state of Wall Street reform six-and-a-half years after the financial crisis. Let’s a send a message to the entire 2016 field: support Senator Warren’s no-nonsense agenda.