It’s not enough for Trump and the GOP to try to destroy our health care; they want to destroy our economy too. They chose another Wall Street insider to run our economy in service of the banks, and we need to fight back!
Today is the Senate nomination hearing for “Wall Street Lawyer” Randal Quarles as the Federal Reserve vice chairman for supervision -- what many consider to be the top banking watchdog role in the country. But Quarles spent his entire career helping big banks and Wall Street firms, and profiting from bank bailouts while families struggled during the financial crisis. Instead of reining in the banks, Quarles wants to unleash their risky behavior again and tear apart Dodd-Frank protections through the backdoor if Congress doesn’t.
We can’t let the Senate sneak through another corporate Trump nominee under the cover of the chaos they’ve created with healthcare. We need to let our Senators know that they can’t get away with stripping us of our health care while letting their billionaire friends gamble with our jobs and homes.
Quarles will make another financial crash more likely and kill millions of jobs by unwinding financial regulations and raising interest rates. One of the rules he wants to implement would lead to much higher interest rates, costing 2.5 million jobs over five years.
As the Federal Reserve’s top regulator, Randal Quarles would do anything but regulate. Instead, he would greenlight bad bank behavior, drive us straight into another crash, and be a serious danger to working families. Please call your senators to block his confirmation today!