But it’s an uphill battle when so many public officials overseeing Wall Street come from the same banks they are supposed to keep in check.
Big banks are even able to reward their executives with massive “golden parachute” bonuses if they enter the federal government and become Wall Street regulators.
This revolving door between Washington and Wall Street makes it hard to know whose side Wall Street watchdogs are really on if they’re paid to be in the pocket of big banks.
And it's yet another way for Wall Street to gain influence in Washington and keep the deck stacked with loopholes and special access.
That’s why Senator Tammy Baldwin has introduced commonsense legislation to stop this “revolving door” between Wall Street and Washington, and ban golden parachutes for Wall Street executives who come to Washington as regulators.
Stand with Senator Baldwin and tell Congress to stop the revolving door between Wall Street and Washington!
Petition to Congress:
Stop the revolving door between Wall Street and Washington by banning golden parachute bonuses and make it harder for big bank executives to become Wall Street regulators.