Casino Capitalism!
Since it's tiring listening to uninformed people babble about Senator Elizabeth Warren, the information below needs to be circulated.
Here's a Senator who is actively working across the aisle to accomplish important and necessary legislation for the American People.
Please consider adding your name to the Petition.
About a year ago, on the campaign trail, I
asked PCCC members to join with me in pushing for a new Glass-Steagall bill.
This law stopped investment banks from
gambling away people's life savings for decades -- until Wall Street
successfully lobbied the regulators to chip away at the rules in the 1980s and
Congress to repeal it entirely in 1999.
Nearly 100,000 people joined the fight. And
today, I am proud to introduce the 21st Century Glass-Steagall Act -- along with
Republican John McCain, Independent Angus King, and Democrat Maria Cantwell --
as my first big banking bill in the U.S. Senate.
We learned during the 2008 financial crisis
that Wall Street is not just taking risks with their own money -- they are
taking risks with the whole economy.
A new Glass-Steagall would separate
high-risk investment banks from more traditional banking. It would allow Wall
Street to take risks, but not by dipping into the life savings and retirement
accounts of regular people.
And by making banks smaller, a new
Glass-Steagall could also help put an end to banks that are "too big to fail" --
further avoiding costly taxpayer bailouts.
I've already talked about this petition on
MSNBC, and I'll keep my Senate colleagues informed of the growing public support
for this reform.
By mobilizing people across the nation, we can get this done.
Thank you,
Senator Elizabeth Warren
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