UPDATE: Many thanks to the mothers who have supported financial reform and the establishment of the Consumer Financial Protection Agency. With the Senate passage of the bill, we are over the top of the mountain. Your help in pushing the bill along is appreciated.
“Mother is the bank where we deposit all our hurts and worries “– unknown
We are mothers. We are engaged, every day, in providing for our families. Some of us are full time working moms, some are part-time working moms and some of us are stay at home moms who manage the family money. Regardless, we have all been affected by the economic crisis and we stand together in asking you, our representatives in Congress, to act in the best interests of families across the country -- just as your mother did for her family.
The economic crisis we are in is taking down American families, one household at a time, with job losses, a widening wave of foreclosures, and billions of lost savings. While economists talk about “the end of the recession”, for millions of families, hard times are getting harder.
But we- moms – are now doing something about it.
We will not stand by and allow big banks and financial institutions to supersede the best interests of our families. We will not jeopardize or betray our children’s futures. We are taxpayers and voters and represent the fabric of society.
Senators, we want and we will fight for comprehensive and meaningful financial reform that will put American families first before banks and corporations. Main Street families must come before Wall Street interests, which is why we are urging you to pass the bill that will establish a new Consumer Financial Protection Agency (CFPA). This consumer agency would put cops on the financial beat -- regulatory cops with the tools to put an end to the deceptive practices that precipitated this economic crisis and imperiled millions of families.
The bill that can provide this reform will be debated over the next few weeks on the floor of the Senate. We know the financial industry lobbyists are spending money trying to water it down. Now is the time to stand up for Main Street. We need you to say “no” to the lobbyists’ loopholes and “yes” to the Main Street moms.
We were all taught by our mothers to try and do the right thing, always. Your moment has now arrived to make that decision.
As Sarah Josepha Hale states, “No influence is so powerful than that of a mother”. We are prepared and happy to bring our message to you in person.
Main Street Moms
letter is now closed for signatures