In 2010, progressive champions in the Senate, including Senator Jeff Merkley of Oregon, fought to pass the Volcker Rule firewall, which restricts high-risk trading by big banks. The firewall, which is meant to protect taxpayers if Wall Street’s bad bets blow up, was met with opposition from big bank lobbyists. That’s why Sen. Merkley started a MoveOn Petition telling Federal Reserve Chairman Ben Bernanke to keep the so-called “JPMorgan Loophole,” which would blow holes in the firewall, out of the law.
Tag: volcker rule
Shut down the Trump administration's concentration camps
by United We Dream
No matter the year, who is President, or what we call these places, we must end the practice of putting human beings in concentration camps.Sign this Petition
Tell Congress: Stop Wall Street's Raids on our Economy
by Madelyn Garcia
We need to regulate Wall Street and hold private equity firms & hedge funds accountable for their reckless actions. We call on Congress to support the Stop Wall Street Looting Act to prevent these billionaires from destroying our jobs and communities.Sign this Petition
Rename Fifth Avenue in front of Trump Tower: "President Barack H. Obama Avenue"
by Elizabeth Rowin
Hundreds of thousands of people are signing on asking the mayor and city council to honor a great and accomplished leader.Sign this Petition