Las Vegas Sun

May 19, 2024

LETTER TO THE EDITOR:

People need protection from Wall Street

If my granddaughter stole my purse, then bought out the candy store and then asked me for more money, I’d be furious. But that’s exactly what the mortgage-lending industry and big banks on Wall Street are doing.

They jack up interest rates, gamble billions of dollars daily on financial speculation, then come crying to the federal government saying they are “too big to fail.”

There is financial reform legislation out there that will offer consumer financial protection, implement a financial speculation tax and make the greedy industries accountable. It will prevent another financial crisis.

We all need to support financial reform and to thank Sen. Harry Reid for fighting for it. We desperately need passage of this bill because John Q. Public is truly “too important to fail.”

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