SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Crunch Time for Financial Reform
May 05, 2010
The financial reform bill is
now on the Senate floor. The bad news is that Senate leadership has not
yet decided if critical amendments will see a vote. For instance, Sens.
Sherrod Brown and Kaufman have not been assured of a vote on their
amendment to cap the size of "too big to fail" banks. Is this a
democracy or a dictatorship? Senators should be allowed a debate on
their measures followed by a vote. Sign our petition in support of this
amendment by clicking here.
Also Senator Bernie Sanders has not yet seen a vote yet on his simple
amendment to audit the federal reserve. If you have not taken action
yet, send a message to the Senate today by clicking here.
The good news is that this morning the New York Times
wrote a powerful editorial in support of the Brown-Kaufman amendment
and in support of the strongest measures to crack down on reckless
derivatives trading. The editorial was right on target in every respect
and has a similar message to my post of the weekend "Blanche Lincoln Rambos Wall Street" even it is not quite as colorful! Also good news, respected Senator Dick Durbin came out for the bill yesterday.
But we have a long way to go. The White House and the Federal
Reserve are fighting hard against these commonsense measures to cap the
size of banks and audit the Fed.
Mother Jones reported
that White House Chief of Staff, Rahm Emanuel is lobbying the Senate
against the audit. Sanders is quoted as saying: "I think momentum is
with us, but I've gotta tell you, that on this amendment, you're taking
on all of Wall Street, you're taking on the Fed, obviously, and
unfortunately you seem to be taking on the White House, as well. And
that's a tough group to beat." For a list of where your Senator stands
on the issue, visit Firedoglake and remember the Senate switchboard is (202) 224-3121.
Stay tuned, stay in touch. This critical Senate debate (if we can call it that if amendments are stifled) is being covered on C-Span 2.
Why Your Ongoing Support Is Essential
Donald Trump’s attacks on democracy, justice, and a free press are escalating — putting everything we stand for at risk. We believe a better world is possible, but we can’t get there without your support. Common Dreams stands apart. We answer only to you — our readers, activists, and changemakers — not to billionaires or corporations. Our independence allows us to cover the vital stories that others won’t, spotlighting movements for peace, equality, and human rights. Right now, our work faces unprecedented challenges. Misinformation is spreading, journalists are under attack, and financial pressures are mounting. As a reader-supported, nonprofit newsroom, your support is crucial to keep this journalism alive. Whatever you can give — $10, $25, or $100 — helps us stay strong and responsive when the world needs us most. Together, we’ll continue to build the independent, courageous journalism our movement relies on. Thank you for being part of this community. |
© 2023 Center for Media and Democracy
Mary Bottari
Mary Bottari is the Chief of Staff to Madison, Wisconsin Mayor Satya Rhodes-Conway. Previously, she was the Director of the Center for Media and Democracy's Real Economy Project.
The financial reform bill is
now on the Senate floor. The bad news is that Senate leadership has not
yet decided if critical amendments will see a vote. For instance, Sens.
Sherrod Brown and Kaufman have not been assured of a vote on their
amendment to cap the size of "too big to fail" banks. Is this a
democracy or a dictatorship? Senators should be allowed a debate on
their measures followed by a vote. Sign our petition in support of this
amendment by clicking here.
Also Senator Bernie Sanders has not yet seen a vote yet on his simple
amendment to audit the federal reserve. If you have not taken action
yet, send a message to the Senate today by clicking here.
The good news is that this morning the New York Times
wrote a powerful editorial in support of the Brown-Kaufman amendment
and in support of the strongest measures to crack down on reckless
derivatives trading. The editorial was right on target in every respect
and has a similar message to my post of the weekend "Blanche Lincoln Rambos Wall Street" even it is not quite as colorful! Also good news, respected Senator Dick Durbin came out for the bill yesterday.
But we have a long way to go. The White House and the Federal
Reserve are fighting hard against these commonsense measures to cap the
size of banks and audit the Fed.
Mother Jones reported
that White House Chief of Staff, Rahm Emanuel is lobbying the Senate
against the audit. Sanders is quoted as saying: "I think momentum is
with us, but I've gotta tell you, that on this amendment, you're taking
on all of Wall Street, you're taking on the Fed, obviously, and
unfortunately you seem to be taking on the White House, as well. And
that's a tough group to beat." For a list of where your Senator stands
on the issue, visit Firedoglake and remember the Senate switchboard is (202) 224-3121.
Stay tuned, stay in touch. This critical Senate debate (if we can call it that if amendments are stifled) is being covered on C-Span 2.
Mary Bottari
Mary Bottari is the Chief of Staff to Madison, Wisconsin Mayor Satya Rhodes-Conway. Previously, she was the Director of the Center for Media and Democracy's Real Economy Project.
The financial reform bill is
now on the Senate floor. The bad news is that Senate leadership has not
yet decided if critical amendments will see a vote. For instance, Sens.
Sherrod Brown and Kaufman have not been assured of a vote on their
amendment to cap the size of "too big to fail" banks. Is this a
democracy or a dictatorship? Senators should be allowed a debate on
their measures followed by a vote. Sign our petition in support of this
amendment by clicking here.
Also Senator Bernie Sanders has not yet seen a vote yet on his simple
amendment to audit the federal reserve. If you have not taken action
yet, send a message to the Senate today by clicking here.
The good news is that this morning the New York Times
wrote a powerful editorial in support of the Brown-Kaufman amendment
and in support of the strongest measures to crack down on reckless
derivatives trading. The editorial was right on target in every respect
and has a similar message to my post of the weekend "Blanche Lincoln Rambos Wall Street" even it is not quite as colorful! Also good news, respected Senator Dick Durbin came out for the bill yesterday.
But we have a long way to go. The White House and the Federal
Reserve are fighting hard against these commonsense measures to cap the
size of banks and audit the Fed.
Mother Jones reported
that White House Chief of Staff, Rahm Emanuel is lobbying the Senate
against the audit. Sanders is quoted as saying: "I think momentum is
with us, but I've gotta tell you, that on this amendment, you're taking
on all of Wall Street, you're taking on the Fed, obviously, and
unfortunately you seem to be taking on the White House, as well. And
that's a tough group to beat." For a list of where your Senator stands
on the issue, visit Firedoglake and remember the Senate switchboard is (202) 224-3121.
Stay tuned, stay in touch. This critical Senate debate (if we can call it that if amendments are stifled) is being covered on C-Span 2.
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.