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Public Statements

Issue Position: Wall Street Accountability

Issue Position

Location: Unknown

It has been more than three years since the greatest financial crisis in three generations. It is past time that we stop talking about accountability and start demanding it from those who broke the system. Fighting for the middle class means fighting for across-the-board, consistent accountability - accountability for anyone who breaks the law, no matter where they work or who their friends are.

With all the clout that Wall Street and its lobbyists have, real accountability won't be easy, but the first steps are pretty obvious:

First, we need to demand that the Justice Department, our state Attorneys General, and federal regulators do more to push back on the big banks and their lobbyists. We need to demand that they investigate those whose illegal actions have broken the economy and, when the evidence warrants it, that they bring public prosecutions.

Second, we need to stop the late night budget tricks and other maneuvers that are designed to weaken agencies that enforce the laws. We should put real cops on the financial beat in the Commodities Futures Trading Commission and the Securities and Exchange Commission, cops with the resources they need to patrol for fraud and sustain tough prosecutions.

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