From Pramila Jayapal <[email protected]>
Subject How many more banks will collapse?
Date March 14, 2023 11:03 PM
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[1]Pramila Jayapal

John,

In 2018, Republicans pushed to gut key pieces of the landmark Dodd-Frank
legislation that allows us to properly regulate the same banks once called
“too big to fail.” In 2018, they succeeded — and dozens of Democrats
joined them. See?

[ [link removed] ][IMG]

Our economic regulations are in place for a reason. Myself and other key
members of the Progressive Caucus called it out for what it was: a
shortsighted and blatant handout to big banks that could bring economic
ruin. And we were right.

This is what I said in 2018: “The truth is the American people are sick
and tired of government working for somebody other than them. We’re
rolling back rules… you don’t need to take a sledgehammer to the
Dodd-Frank regulation overall.”

This is what just happened:

[ [link removed] ][IMG]

[ [link removed] ]Enough is enough,
John. I will not let this go —
but I need your support to keep fighting for relief for working people
over bailouts for Big Banks. Will you chip in $3 today?



[ [link removed] ]Pitch In $3



Now Silicon Valley Bank is the second largest U.S. Bank in history to
fall:

[ [link removed] ][IMG]

My priority is to protect working people and families across the country.
After years of COVID, recent inflation, and GOP attacks on Social Security
and Medicare, people can’t afford to lose any more because of bad policy
and irresponsible decision-making from a powerful few. Now it seems
federal government officials will be stepping in to investigate:

[ [link removed] ][IMG]

While I want to see accountability served, it will ring hollow if we don’t
change our policy along with it. We have that power and we have to use it.
I fully intend to use our authority as the largest Democratic caucus in
Congress to fully pursue justice and right these wrongs. My colleagues and
I will fight to make sure this does not spiral into a preventable crisis
brought on by greed and corruption.

[ [link removed] ]Will you stand with us in this fight,
John? $3 — or
any amount — will go a long way to power our work.

In solidarity,

Pramila


 


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