Booker Statement on Passage of Bill to Weaken Dodd-Frank Banking Rules
WASHINGTON, D.C – U.S. Senator Cory Booker (D-NJ) issued the following statement on his opposition to today’s passage of a bill to weaken Dodd-Frank banking rules put in place following the 2008 financial crisis:
“Ten years ago, in the wake of the greed and excess-fueled financial crisis, big banks got a massive bailout while millions of Americans lost their homes. Too many Americans are still feeling those repercussions today, struggling to get by while Wall Street profits soar.
“We shouldn’t be weakening the very safeguards put in place to prevent such a catastrophe from repeating itself – instead we should be strengthening those protections. This legislation will leave consumers, families, and communities less protected from big bank malfeasance, and that’s plainly unacceptable.”