Statement from Demos on Wall Street Reform Bill: "Today We Start Rebuilding (the) American Middle Class”

Washington, DC--Today the US Senate passed an historic financial reform bill, the Wall Street Reform and Consumer Protection Act, reigning in some of the most egregious practices of banking industry that led to the recent financial meltdown. In response to the 60-39 Senate vote that sends the bill to President Obama, the national policy center Demos, which worked to advance the legislation, issued the following statement from Heather McGhee, Director of Demos’ Washington DC office. “The meltdown of 2008 was a costly example of what happens when we dismantle the public structures that are