Once again, members of Congress are doing the bidding of Wall Street, and once again they’re putting the economy at risk. This time Mitch McConnell and his friends are taking advantage of a must-pass budget bill and adding an amendment, written by Citibank’s lobbyist, that would repeal the part of Dodd-Frank that reins in the financial weapon of mass destruction called Credit Default Swaps.

Perhaps blowing up the economy once wasn’t enough for them?

We can stop the madness. The House narrowly passed the bill last night, despite a valiant effort by Minority Leader Nancy Pelosi to stop it. In the Senate, Democrats – who still have the majority – could just walk away. The president could veto it, but for some strange reason has sided with Republicans and Democratic Senator from New York Chuck Schumer to dismantle one of his own signature pieces of legislation. In fact, President Obama and JP Morgan chief Jamie Dimon personally called members of Congress last night to lobby for their votes in favor of this Wall Street giveaway.

We cannot sit idly by. Sign our petition to tell President Obama and Democrats like Chuck Schumer that Credit Default Swaps will, sooner or later and probably sooner, destroy our economy, and this is a battle that has to be fought.