Deregulation of the Financial Industry

Press Release

Deregulation of the financial industry is what directly lead to the financial collapse of 2008. In more recent events, Wells Fargo once again proved to us that the banking and financial sectors cannot be allowed to oversee themselves. The creation of accounts without the authorization of those people who are actually named on the account is simply inexcusable. We cannot continue to allow big banks and special interests within the financial sector to act as though they exist in a plane outside of the law. That is why we support the "Too Big to Fail, Too Big to Exist Act" which will reinstate provisions similar to those which once existed under Glass-Stegall to prevent banks from gambling with the consumer's money and the welfare of our economy.

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