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Economy
In reply to the discussion: Weekend Economists Second the Notion! December 12-14, 2014 [View all]Demeter
(85,373 posts)11. Please Sign Urgent Occupy the SEC Petition Against Derivatives Deregulation
http://www.nakedcapitalism.com/2014/12/please-sign-urgent-occupy-sec-petition-derivatives-deregulation.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29
Dear Friends,
This bulletin contains an update on what Occupy the SEC (occupythesec.org) has been up to lately, and what you can do to get involved.
Congress is on the verge of deregulating derivatives TODAY Sign our petition to stop them.
Congress has historically used the end of the year as an opportunity to pass controversial legislation with little publicity, often using amendments to unrelated bills. This year is no different.
TODAY (December 10, 2014) our legislators are on the verge of approving two key provisions that would significantly roll back crucial parts of the Dodd-Frank Acts derivatives (swaps) restrictions. Those provisions are Section 630 of the Senate Amendment to H.R. 83 (Omnibus Bill) and Title III of the Houses current version of the Terrorism Risk Insurance Act of 2014 (TRIA).
These provisions are nothing more than an attempt by Wall Street lobbyists and their friends in Congress to eviscerate important derivatives reforms implemented by the Dodd-Frank Act.
We need YOU to contact your legislators as soon as possible and tell them that you OPPOSE these sneaky deregulatory moves. If passed, these provisions would pave the way for further gutting of Dodd-Frank, which in turn would surely jeopardize our nations economy, line the pockets of wealthy financiers, and damage the fiscal health of every day Americans.
Please sign our petition now by clicking on the following link, which will allow you to send automatic emails to your Congressional Representative and Senators.
http://www.petition2congress.com/17017/petition-against-11th-hour-dilution-dodd-frank/
NOT SURE IF IT WILL HELP, BUT IF THE SENATE VERSION DIDN'T CARRY IT, AND PREVAILED...
Dear Friends,
This bulletin contains an update on what Occupy the SEC (occupythesec.org) has been up to lately, and what you can do to get involved.
Congress is on the verge of deregulating derivatives TODAY Sign our petition to stop them.
Congress has historically used the end of the year as an opportunity to pass controversial legislation with little publicity, often using amendments to unrelated bills. This year is no different.
TODAY (December 10, 2014) our legislators are on the verge of approving two key provisions that would significantly roll back crucial parts of the Dodd-Frank Acts derivatives (swaps) restrictions. Those provisions are Section 630 of the Senate Amendment to H.R. 83 (Omnibus Bill) and Title III of the Houses current version of the Terrorism Risk Insurance Act of 2014 (TRIA).
These provisions are nothing more than an attempt by Wall Street lobbyists and their friends in Congress to eviscerate important derivatives reforms implemented by the Dodd-Frank Act.
We need YOU to contact your legislators as soon as possible and tell them that you OPPOSE these sneaky deregulatory moves. If passed, these provisions would pave the way for further gutting of Dodd-Frank, which in turn would surely jeopardize our nations economy, line the pockets of wealthy financiers, and damage the fiscal health of every day Americans.
Please sign our petition now by clicking on the following link, which will allow you to send automatic emails to your Congressional Representative and Senators.
http://www.petition2congress.com/17017/petition-against-11th-hour-dilution-dodd-frank/
NOT SURE IF IT WILL HELP, BUT IF THE SENATE VERSION DIDN'T CARRY IT, AND PREVAILED...
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