From: Adam Quinn, CREDO Action [mailto:a...@credoaction.com] Sent: Wednesday, February 03, 2010 9:41 PM Subject: 1,500 bank lobbyists are killing consumer protections
Image removed by sender. CREDO Action | more than a network. a movement. Image removed by sender. Clicking here will add your name to the petition. Your message to your Senators: "I support a Consumer Financial Protection Agency that promotes accountability, responsibility, and effective oversight. It's time for Democrats to stand up. Democrats on the Senate Banking committee need to know it is unacceptable to allow big bank CEOs and their lobbyists to kill consumer protection. " <http://act.credoaction.com/r/?r=5239&id=7606-1826466-crvm0px&t=1> Image removed by sender. Clicking here will add your name to the petition. Big <http://act.credoaction.com/r/?r=5238&id=7606-1826466-crvm0px&t=2> Bank CEOs and their lobbyists are killing consumer protection Dear Alex, We have two weeks to stop Democrats from selling out bank reform and convince them instead to stand up for consumer protection. That is when Senate Banking Committee Chair Sen. Chris Dodd (D-CT) will be meeting with the ranking Republican on the committee, Sen. Richard Shelby (R-AL), to decide the fate of financial regulatory reform legislation. Your <http://act.credoaction.com/r/?r=5239&id=7606-1826466-crvm0px&t=3> action today will help save consumer protection. Automatically add your name here. Few dispute the fact that greedy big bank CEOs and their 1,500 lobbyists bought policies in Washington over the last 10 years that have led to the economic crash. Asking politicians and their appointees to the Federal Reserve Board to protect consumers is like asking the fox to guard the hen house. We all know too well how that works out and we can't let it happen again. A proposed Consumer Financial Protection Agency that promotes accountability, responsibility, and effective oversight will take the power away from the Wall Street-friendly Federal Reserve Board and put it into the hands of an independent agency. But it is removed in backroom deals because big bank lobbyists are using their usual scare tactics. It's <http://act.credoaction.com/r/?r=5239&id=7606-1826466-crvm0px&t=4> time for Democrats to stand up. Democrats on the Senate Banking committee need to hear it is unacceptable to allow big bank CEOs and their lobbyists to kill consumer protection. Click here to automatically add your name. Big banks took billions in taxpayer money from the bailout, and then their CEOs handed out big bonuses to themselves while homes were lost, jobs were destroyed, and small businesses closed. Washington has rewarded the big bank CEOs for their incompetency time and time again. This time, let's get it right. We must create an independent Consumer Financial Protection Agency that will crack down on exorbitant fees and deceptive practices of credit card companies, mortgage brokers, and others who prey on hard-working Americans. When Sen. Chris Dodd meets with Sen. Richard Shelby in two weeks, he needs to know that Democrats on his committee won't deal away the power to regulate banks to the people who got us into this mess in the first place. <http://act.credoaction.com/r/?r=5240&id=7606-1826466-crvm0px&t=5> We need to shift the power away from big bank CEOs and back to consumers. Take action today. Your pressure works. Thanks for taking action. Adam Quinn Campaign <http://act.credoaction.com/r/?r=11&id=7606-1826466-crvm0px&t=6> Manager, CREDO Action <http://act.credoaction.com/r/?r=3854&id=7606-1826466-crvm0px&t=7> Image removed by sender. Find us on Facebook Did you know CREDO has a Facebook page? Click <http://act.credoaction.com/r/?r=3854&id=7606-1826466-crvm0px&t=8> here to check it out! Image removed by sender. C 2010 CREDO. All rights reserved. Get action alerts on your mobile phone! 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