Home » Statements and Press Releases

Recording: Senators Merkley & Levin call for banks to get back to basics

Submitted by on June 17, 2010 – 5:36 pm
Share this Page: Tweet about this on TwitterShare on FacebookEmail this to someone

Senators Jeff Merkley (D-OR) and Carl Levin (D-MI) join with experts from Americans for Financial Reform to call for banks to get back to the basic commercial banking business of making loans to consumers and businesses instead of the ‘proprietary trading’ they do on their own account. As Congress heads into the final stages of Wall Street reform, the Volcker rule strengthened by the Merkley-Levin amendment must be included in the final legislation.

Click here to listen to tele-press conference call

For more on opposing loopholes to the Volcker rule see AFR’s letter to the Hill click here


Tags: , ,