To: Sen. Patrick Toomey (PA-2)
Sen. Toomey: Try saying No to Wall Street for a change
How is it possible that when you consider what Congress should do to help the economy, your conclusion is "we're not going easy enough on Wall Street"?
We urge you to stop your repeated efforts to roll back financial reforms that keep Wall Street in check and protect the rest of us from having to foot the bill during another bailout. Stand up for us, not the Wall Street lobbyists.
We urge you to stop your repeated efforts to roll back financial reforms that keep Wall Street in check and protect the rest of us from having to foot the bill during another bailout. Stand up for us, not the Wall Street lobbyists.
Why is this important?
Congress is poised to give another gift to Wall Street lobbyists and I need your help to stop it.
A set of lobbyists are pushing to roll back the Wall Street reforms we helped put in place after the 2008 financial crisis. They're hoping we've all forgotten the damage they wrecked on the economy.
And instead of standing up these attacks, Sen. Toomey has repeatedly sided with Wall Street lobbyists.
He sided with the Wall Street lobbyist by voting to block all nominees to head the Consumer Financial Protection Bureau, one of the chief protections under Wall Street reform. He also backed a move to require that financial regulations be required to calculate how much they cost big banks, to try and undermine reform. [1]
As a former Wall Street banker, Toomey worked to promote some of the same gimmicks that fueled the 2008 financial crisis. In fact, he thinks getting rid of Wall Street reform is critical to helping the economy, saying "The trend in deregulation...is one of the biggest reasons for the sustained economic expansion." [2]
Meanwhile, the senator has been given $1,544,899 since 2013 in campaign contributions from banks, despite the fact that he isn't up for re-election until 2016. [3]
If we want to push back, we need to make sure Sen. Toomey hears from us, not just from the Wall Street lobbyists.
1. Americans for Financial Reform, "Where They Stand on Financial Reform." http://goo.gl/LxRJFK
2. Mother Jones, "Pat Toomey: The Wall Street Years."
goo.gl/94j9vK
3. Americans for Financial Reform, "Wall Street Money in Washington." http://goo.gl/xm3EKB
A set of lobbyists are pushing to roll back the Wall Street reforms we helped put in place after the 2008 financial crisis. They're hoping we've all forgotten the damage they wrecked on the economy.
And instead of standing up these attacks, Sen. Toomey has repeatedly sided with Wall Street lobbyists.
He sided with the Wall Street lobbyist by voting to block all nominees to head the Consumer Financial Protection Bureau, one of the chief protections under Wall Street reform. He also backed a move to require that financial regulations be required to calculate how much they cost big banks, to try and undermine reform. [1]
As a former Wall Street banker, Toomey worked to promote some of the same gimmicks that fueled the 2008 financial crisis. In fact, he thinks getting rid of Wall Street reform is critical to helping the economy, saying "The trend in deregulation...is one of the biggest reasons for the sustained economic expansion." [2]
Meanwhile, the senator has been given $1,544,899 since 2013 in campaign contributions from banks, despite the fact that he isn't up for re-election until 2016. [3]
If we want to push back, we need to make sure Sen. Toomey hears from us, not just from the Wall Street lobbyists.
1. Americans for Financial Reform, "Where They Stand on Financial Reform." http://goo.gl/LxRJFK
2. Mother Jones, "Pat Toomey: The Wall Street Years."
goo.gl/94j9vK
3. Americans for Financial Reform, "Wall Street Money in Washington." http://goo.gl/xm3EKB