Tell Fed Chair Powell: No Bonuses for Bankers’ Risky Bets.
After the 2008 financial crisis, Congress passed Dodd-Frank to ensure bankers couldn’t take hugely risky financial bets with our money. But 14 years later, the Federal Reserve still hasn’t implemented one rule, called Section 956.
As a result, banks are still allowed to reward their CEOs for taking big risks -- like the type of leveraged bets that caused the crash.
Tell Federal Reserve Chair Jerome Powell to finalize the rule in Section 956 of Dodd-Frank to keep us all safe from risky bank bets.