Monday, December 14, 2009

What FedEx Is Not Telling You About The U.S. Chamber Of Commerce

Chamber of Commerce: Out of Touch with the Public

by Seth Michaels, Sep 30, 2009

Here’s a proposal that makes sense: The Obama administration wants to set up a consumer financial protection agency to oversee the financial markets and make sure working families aren’t the victims of predatory lending, abusive credit card practices and the kind of irresponsibility and greed that have caused our economic crisis.

But the U.S. Chamber of Commerce is putting its big bucks into preventing creation of any agency that would hold financial institutions accountable.

Earlier this month, the Chamber announced it would spend $2 million on an ad campaign opposing a consumer protection agency, and it has taken the lead in lobbying Congress to prevent new rules for our financial system.


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