Check the Big Banks

From the AFL-CIO

Over the past several weeks, Republican leadership in Congress and the Trump administration have weakened our financial security by loosening rules that protect our economy from Wall Street bankers, opening the door for banks to discriminate and making it easier for Wall Street bankers to gamble with the savings of hardworking families.

America’s working families know that holding big banks accountable is essential to winning new economic rules that put Main Street first.

The right financial regulatory system will put Wall Street to work for working people, not the other way around.

The AFL-CIO is building a powerful and independent political movement to win commonsense financial rules that will keep big banks in check.

Break up big banks. Too few banks control too much of America’s financial system, which is risky because if they fail, they will bring down all of us.

Uphold the power of worker capital. Instead of making it harder for union members’ pension plans to have a say on corporate behavior, we should empower them to hold corporations accountable.

End racial discrimination. We want to make sure lenders don’t prey on people of color, the elderly or the poor by imposing unjustifiable fees, higher rates and other extra costs.

Democrats and Republicans alike are on notice. It’s time for new economic rules, so working families and our communities can thrive.

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Posted In: From AFL-CIO, Union Matters

Union Matters

He Gets the Bucks, We Get All the Deadly Bangs

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

National Rifle Association chief Wayne LaPierre has had better weeks. First came the horrific early August slaughters in California, Texas, and Ohio that left dozens dead, murders that elevated public pressure on the NRA’s hardline against even the mildest of moves against gun violence. Then came revelations that LaPierre — whose labors on behalf of the nonprofit NRA have made him a millionaire many times over — last year planned to have his gun lobby group bankroll a 10,000-square-foot luxury manse near Dallas for his personal use. In response, LaPierre had his flacks charge that the NRA’s former ad agency had done the scheming to buy the mansion. The ad agency called that assertion “patently false” and related that LaPierre had sought the agency’s involvement in the scheme, a request the agency rejected. The mansion scandal, notes the Washington Post, comes as the NRA is already “contending with the fallout from allegations of lavish spending by top executives.”

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Corruption Coordinates

Corruption Coordinates