Robert Creamer: Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform

The Huffington Post

Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform

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Robert Creamer

Political organizer, strategist and author

Posted: June 11, 2010 08:58 AM

Everyday Americans have made big progress advancing legislation to rein in the recklessness of the big Wall Street Banks that led to the economic collapse and cost eight million Americans their jobs. Now we have to win one final battle to get a tough bill that will hold Wall Street accountable signed into law.

Conferees from the House and Senate began meeting yesterday to merge their Wall Street reform bills. The big Wall Street Banks are pulling out every stop in a last ditch effort to cut tough provisions from the bill. An army of their lobbyists has descended on the Capitol. It's up to us to stop them.

Their best hope is darkness. The big Bank lobbyists would love to stick a shiv in important provisions of the bill as quietly as possible somewhere in a back room. Unfortunately for them, the Democratic leadership has done everything it can to make quiet back room dealing difficult. They plan to televise proceedings of the conference for all the world to see.

Robert Creamer: Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform