Russ Feingold for Wisconsin Supports the 21st Century Glass-Steagall Act.
"Never again."
That's what my colleagues in the U.S. Senate and I said after the dismantling of Glass-Steagall allowed big banks to throw our country into a harrowing financial crisis. In 2010, I opposed the Wall Street reform bill in part because it failed its fundamental task: preventing another financial crisis.
But here we are, five years later, and our biggest banks are even bigger. Wall Street is still allowed to gamble with your savings account. And if they make a bunch of bad bets again, taxpayers will once again be on the hook to bail them out -- because it wasn't fixed in 20?10, the big?gest Wa?ll St?reet banks are still "too big to fail."
Your savings account shouldn't be Wall Street's gambling money, and your tax dollars shouldn't be their insurance policy. That's why I am supporting the 21st Century Glass-Steagall Act. It is a tri-partisan bill that would protect taxpayers by once again putting a wall between your savings account and risky Wall Street investment banking and doing the job that should have been done five years ago.
If you believe no bank should be too big to fail, I'm asking you to join me in supporting the new, Warren-backed 21st Century Glass-Steagall Act.
Sign my petition: Support the 21st Century Glass-Steagall Act and help protect ALL American families from another Wall Street-manufactured financial crisis.
http://www.russfeingold.com/glass-steagall?utm_source=sp7910903&utm_medium=email&sc=sp7910903&refcode=sp7910903&ta=0