SEIU

 

Financial Wolves: Write to the FDIC in support of tough regulations for private equity firms.

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Some of the most secretive, unregulated financial firms are in the market to buy failed banks. Problem is, they want to do it with taxpayers’ money – and keep most of the profits for themselves.

These big firms – called private equity firms – build their whole reputation on making large profits in short periods of time by taking big risks. Worse yet, they can exploit weak regulations to get it done.

You can make sure this doesn’t happen. The FDIC (which insures bank deposits) will soon vote on tougher regulations on these private equity firms. Can you write to the FDIC in support of these tough regulations?