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| Democratic Values is dedicated to supporting candidates who stand strong on their Democratic principles and stand up to the MAGA far-right extremists tearing apart our country. If you really want to receive only our most urgent emails, click here. If you'd like to stop receiving these messages, you may unsubscribe. |  | | Jason, After bank capital was finally restored post-2008 financial crisis, Trump's appointees to the Federal Reserve took power and depleted it. Under Trump, regulators were in the pocket of Wall Street, with a lack of oversight leading straight to the collapse of Silicon Valley Bank and two others this year. But it could soon be fixed. Biden appointee to the Federal Reserve Board's vice chair for supervision, Michael Barr, is leading the charge to boost capital requirements and prevent the next wave of catastrophic bank collapses. The banking industry will do everything in its power to keep this from happening. They'll use their lobbyist power and pass out campaign cash to their minions in Congress. So we've got to stand up and tell the Federal Reserve's board of directors to stand strong against lobbyists and enact a higher reserve capital requirement for major banks. Capital acts as a financial cushion to protect banks and the money we store in them if the economy suffers. We need a more resilient financial system, and to get that we must require the nation's largest banks to increase their reserve capital and protect our money. This will limit risky investment banking and trading operations by major banks, compelling them to do more necessary things like lending to small businesses. Our banks will never do the right thing unless we force them to. Join us in signing this important petition to the Federal Reserve's leadership to stop the next bank bailout and strengthen our economy. Thank you. We can do this together. Democratic Values | | Paid for by Democratic Values PAC Democratic Values PAC
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