Recently, a financial industry lobbyist said because Sen. Christopher Dodd (D-Conn.) is retiring, he is now free to “dance with the special interests that brought him to the dance in the first place. Us, his loyal donors in the banking community.”
Nearly 46,000 concerned Americans joined Public Citizen and our partners in saying, “No way!” Dodd is now free to do the right thing and hold the banksters accountable.
Americans for Financial Reform, Credo, Consumer Watchdog and the Center for Media and Democracy helped collect signatures. Together, we urged Dodd to keep up the fight for significant financial reform to rein in Wall Street and prevent another economic crisis. In particular, we called on Dodd to ensure there is a strong and independent Consumer Financial Protection Agency.
Here is Dodd’s official response to our petition:
Thank you for taking the time to voice your support for strong consumer protections.
In the years leading up to the financial crisis, our country saw an across-the-board failure to protect consumers. That’s why I’m working hard to pass strong financial reforms that will hold Wall Street accountable and prevent another financial crisis.
Protecting consumers by cracking down on abuses and deceptive practices will be a key element of this bill. Keep up the good work, and keep fighting for consumers.
Meanwhile, the banksters on Wall Street who blindly drove our economy off a cliff continue to lobby as hard as ever against real reform. Join the National Call-In for Real Reform next week (Mon. March 1 – Thu. March 4).