Big banks and CEOs didn't mind quick action from Congress when they were begging for billion dollar bailouts--but now that they've got them, they're back to thinking about their next bonus or the latest and greatest way to delay action on President Obama's proposed Consumer Financial Protection Agency (CFPA).
USA Today dishes out a scathing critique of Wall Street's continued practice of paying out big figure bonuses to the architects of our economic collapse. "Wall Street's economic well-being is totally based on taxpayers' money saving them from disaster, and they've already forgotten that," said SEIU's Stephen Lerner. "Americans lost trillions of dollars in wealth from the economic collapse, and while Wall Street got bailed out, it will take years for workers on Main Street to get jobs and work their way out of this economic catastrophe."
The consumer protection reform bill was passed on July 31 and will be brought to a vote in the Senate after the August recess. We need action sooner, not later--click here to fax your Representatives and tell them the U.S. Chamber and big banks shouldn't set the agenda on financial reform.

