Taxpayers Saved Wall Street, Time to Save Main Street
“One year ago this week, after Lehman Brothers failed, the Bush administration and Congress began massive taxpayer-backed efforts to save Wall Street," WashPIRG's Federal Consumer Program Director Ed Mierzwinski said on Sept. 14.
"Hundreds of billions of dollars later, taxpayers have saved Wall Street but Congress hasn’t changed Wall Street’s regulation or culture to prevent future meltdowns.
“Put simply, that means Congress hasn’t saved the rest of us."
WashPIRG is working with its federal branch to create the Consumer Financial Protection Agency and promotes informing citizens about better Financial Privacy and Security.
