For Immediate Release

Organization Profile: 

Johanna Kichton, 240.206.1145,

Protect People, Not Banks

WASHINGTON - People’s Action Deputy Director Bree Carlson today released the following statement in response to news reports that President Biden is expected to appoint Michael Barr to lead the Office of the Comptroller of Currency (OCC):

“Millions of people face foreclosures and evictions, the loss of their businesses and farms, and historic levels of unemployment. We need someone to steer our financial system through this crisis and make sure it will work for everyone.

“That’s why it's hard to imagine a worse pick than Michael Barr to be the nation's top bank regulator. Barr is deeply invested in the Wall Street and Silicon Valley corporations he would regulate, which should disqualify him from the outset. On top of that, in the wake of the 2008 financial crash, Barr helped lead the failed response to the crisis and bailed out banks instead of everyday people.


Nonprofit. Independent. Reader-Supported

No advertising. No paywalls. No selling your data. Common Dreams needs your help. Without support from our readers, we simply don't exist. Please, select a donation method and stand with us today.

“President Biden must prove to voters that the government cares about all of us, not just wealthy elites. If Biden truly wants to ‘Build Back Better’ he needs to lock the revolving door and ensure no one with ties to the financial industry is in charge of regulating it.

“Mehrsa Baradaran is the type of person we need heading the OCC. She's an eminently qualified woman of color who wrote the book on how the financial industry harms working families. Instead of repeating history, Biden should make it by appointing Baradaran.”


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 Simply Don't Exist.

Please select a donation method:

People’s Action is a national network of organizations with a million people across 29 states.

Share This Article