Below is the beginning of the monthly newsletter. The full newsletter is available online.
No matter how hard they try or how much they work, most Americans have an economic and financial deck stacked against them. The main reason for this is that the already wealthy strangle the economy through the financial system, which enriches the few rather than enabling widespread wealth creation for the many. Too often the focus is on highly profitable wealth extraction activities. A big reason for this is that a small group of wealthy people and the financial industry have hijacked, controlled, and corrupted the democratic processes of Congress and regulators.
On a proposal to rein in predatory bank fees and shillings for the lawless cryptocurrency industry, which in just a few months has cost Congress millions of dollars to put its priorities ahead of those of the American people. , we’ve seen members of Congress parrot the talking points of bank lobbyists. . In fact, the crypto industry has spent hundreds of millions of dollars this year targeting elected officials who serve their own special interests instead of selling out the public interest, mimicking a common tactic of the traditional financial industry. It’s ready.
For most Americans, even the most well-informed and well-meaning members of Congress, it can be very difficult to see the truth through the barrage of financial industry propaganda, advertising campaigns, space lawn campaigns, lobbying, and campaign spending. . (For more on how common, long-standing, misleading, and deceptive such influence campaigns are, read Nick Hanauer’s new book, “The Lies That Protect America’s Interests, Power, and Wealth.” That’s why we work tirelessly to debunk them. This stupid PR-driven policy of his shines a bright light on what the financial industry is really doing and pushes the best interests of Main Street Americans to the top of the agenda across Washington. This includes providing facts, analysis, and truly independent views to policymakers as they make decisions that affect the economic and financial well-being of all Americans.
Earlier this month, Congressman Stephen Lynch (D-Mass.) noted our country’s efforts during a hearing discussion, particularly regarding the importance of disclosure in our markets regarding climate-related risks. The fossil fuel industry and many of its peers on Wall Street and across the financial industry, as well as many of its friends in Congress, are seriously distorting this important debate, and policymakers fighting for the public interest must Need help in working on your interests.
“I think the guys at Better Market have explained it well.”
Our advocacy is critical on a full range of economic and fiscal issues, including, for example, the Department of Labor’s recently finalized retirement security regulations. We advocated this rule relentlessly. intention Save tens of billions of dollars on retirement investments for tens of millions of Americans. However, the rule currently faces a wave of misinformation and baseless opposition from the financial industry, appearing in regulators, Congress, the media, and even during sporting events like the Super Bowl. Better Markets will fight relentless misinformation in our industry and lobby on this issue every step of the way.
Hard-working Main Street Americans know how power really works in Washington and are fearless in standing up to the financial industry and its many allies to protect their financial and economic interests. We need warriors who are committed to protecting, promoting, and prioritizing. Better Markets is that warrior, and we’re only able to do so because of your support. In doing so, we have access to the most powerful special interests in Washington.
Dennis
Dennis Kelleher
Co-founder, President and CEO
You can read the rest of the newsletter online here. Sign up here to receive our newsletter in your inbox every month.
