For Immediate Release
Statement on Senate Vote to Advance the Bank Lobbyist Act, S.2155
WASHINGTON - Statement attributable to Kurt Walters, campaign director at Demand Progress's grassroots anti-corruption wing, Rootstrikers:
"Today, 17 members of the Senate Democratic Caucus joined the GOP to vote for more bank bailouts, racial discrimination in lending, and deregulating foreign megabanks.
"Voters have seen this movie before. It didn't work out in 2008 and it's no wiser today. There is simply no excuse for a Democrat to add their name to Wall Street deregulation.
"The members of the Bailout Caucus who voted to move this bill forward have sent a clear message: I work for my bank donors, not my constituents."
SCROLL TO CONTINUE WITH CONTENT
Our Summer Campaign Is Underway
Support Common Dreams Today
Independent News and Views Putting People Over Profit
Rootstrikers has been a centerpiece to grassroots activism efforts against the Bank Lobbyist Act and branding its supporters as the #BailoutCaucus. Rootstrikers and a coalition of allied groups have now driven more than 500,000 petition signatures, phone calls, and emails to the Senate in opposition to the bill.
The report on S.2155 released by the independent Congressional Budget Office determined that it would increase the likelihood of future taxpayer-funded bank bailouts.
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Won't Exist.
Please select a donation method: