Financial Reform Bill

[Clootie]

There is a Financial Reform bill working its way through the United States Senate. Fat cats who would be reigned in by the bill are spending big bucks to oppose the bill because it would prevent them from exploiting the rest of us. Here are a few of the highlights the bill.

1. Protects people who shop for mortgages or credit cards from hidden fees and deceptive practices.
2. Creates a national consumer complaint hotline for report problems with financial products and services.
3. No more "Too Big to Fail" corporations for taxpayers to bail out.
4. An Advanced Warning System to prevent crashes.
5. Streamlines bank supervision for greater clarity and accountability.
6. Gives stockholders a say on executive pay.
7. Regulates "Exotic Financial" and "Hedge Fund" dealings that most of us don’t know about, but which contributed to the recession because they were unregulated.
8. Encourages whistle blowers to report financial rip-offs.

Don't believe the lies about it being spread by opponents. Read the bill’s provisions in detail for yourself on http://banking.senate.gov/public/_files ... 0FINAL.pdf. and, if you agree that it is needed to protect Main Street from Wall Street, tell Senators Bennet and Udall that you support it. http://www.bennet.senate.gov and http://www.markudall.senate.gov