Wall Street learned nothing and is still gambling.

There's nothing wrong with high-risk trading, but if the bets go bad, only the people who made the bets should have to pay. That's why this gambling should happen in hedge funds, not in the federally-insured banks that families and small businesses depend on.

That’s why I successfully fought, with your help, for a ban on high-risk trading by big Wall Street banks. This rule, called the Volcker rule firewall, is meant to ensure that Wall Street’s bad bets blow up, you and I don’t get burned again.

But for the last two years, Wall Street's legion of lobbyists have been trying to blow holes in that firewall. Now they want the Fed to write the “JPMorgan loophole” into law.

We can’t let that happen. Join me in urging Ben Bernanke and the Fed to close down the JPMorgan loophole.

JOIN JEFF MERKLEY to stop the JP Morgan loophole!



Add comment

Login or register to post comments

Latest Headlines

Obama to veto legislation on refugee screening

President Barack Obama would veto a Republican bill introduced in the wake of the Paris attacks to toughen the screening process for Syrian refugees

New York officials: No credible ISIS threat against city

There is no credible threat to New York City at this time, officials said

China denies torturing political prisoners

A Chinese delegation denied mistreatement of prisoners held in police stations and deaths in custody

Florida cops are taking tons of people's property!

The ACLU wants Florida cops to stop seizing people's personal property. In a recent press release, the civil rights group is calling on the Florida Legislature to address that state's out-of-control civil asset forfeiture practices.