The financial crisis exposed many abusesby giant Wall Street firms. Consumers were targeted by unfair practices, from credit cards to subprime mortgages. Brad Sherman helped author the new Wall Street Reform Act, which will create a financial products consumer protection bureau, increase capital requirements for banks, and end conflicts of interest for bond rating agencies. The bill will also bring more transparency to the Federal Reserve and impose tough regulation on the shadowy derivatives that played a major role in causing the financial crisis. As well, Congressman Sherman is now cosponsoring new legislation to break-up the biggest financial institutions, saying "too big to fail, is too big to exist." Never again should a bank demand a bail-out by claiming that if it goes down, it's big enough to pull down our entire economy. Brad Sherman is also co-sponsoring legislation to have the Government Accountability Office fully audit the Federal Reserve.