July 26, 2009

Dear Friend,

For years, Wall Street bankers recklessly gambled with your mortgages, retirement savings and investments, causing the worst economic crisis since the Great Depression.

Democrats responded by enacting the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173), which will finally hold Wall Street accountable and prevent future financial collapse.

Signed by President Obama last week, this historic new law will:

• Strengthen consumer protections by establishing an independent Bureau of Consumer Financial Protection tasked with ensuring mortgages, loans and credit cards are fair, affordable and easy to understand.  


• Increase transparency and accountability on Wall Street by imposing tough new rules on the riskiest financial practices that caused the financial crash, like credit default swaps and over-the-counter derivatives. 


• And forever end government bailouts of “Too Big to Fail” financial firms like AIG by dissolving large Wall Street firms long before they threaten to bring down the entire economy.  This process would be entirely paid for by big Wall Street banks, not taxpayers.

To learn more about these and the many other provisions included in the new Wall Street Reform law, please click here.

As always, I welcome your thoughts and comments.  Please take a moment to fill out the survey on the right, and be sure to connect with me on my Facebook page and website.