Today we submit written testimony in support of the “Stop Wall Street Looting Act,” which would address the problems currently being created by private equity firms and hedge funds while preventing these problems in the future. This is an urgent issue for low-income communities and communities of color organizing in our network, who are directly impacted by Wall Street’s predatory and risky financial practices. Every day, people are faced with the harsh realities of corporations that exert more and more power in our economy and their lives. From the moment they wake up, people are increasingly subject to the whims of unregulated corporate power that determines where people live, how they work, and even their ability to access live-saving healthcare.
Read full testimony HERE.