What's New
Put Main Street Before Wall Street
On Oct. 3, the president signed the Wall Street Bailout legislation.
After it was sweetened with tax breaks unrelated to the bailout, it
passed both the House and Senate by large margins. The hastily
developed law gives unprecedented spending authority to the Bush
administration and lacks basic protections for taxpayers and reasonable assistance to homeowners.
NHPIRG has proposed to Congress a Main Street reform platform
to (1) enact reforms to prevent another bailout and (2) ensure greater
consumer participation in financial regulation. We are urging
policy-makers in the next 100 days to develop our proposals to be ready
for consideration in the first 100 days of the new Congress in January.
