WAUSAU-- Seven days after accepting a $2,000 campaign contribution from JPMorgan, Congressman Sean Duffy wrote a letter to the Federal Reserve Board, Securities Exchange Commission, and other financial oversight agencies, pressuring them to delay implementing rules designed to prevent risky and non-transparent trading activities. This revelation came to light shortly after JPMorgan announced that it lost $2 billion in investor money through precarious activities. Elected officials need to stand with small businesses and middle class families, and not enable Wall Street and banks like JPMorgan to gamble away billions.
Since taking office, Duffy accepted a total of $4,000 from JPMorgan and over $260,000 from the financial services industry. Instead of fighting for financial reform that would prevent big banks’ extreme risk taking and help small businesses, Duffy voted to delay derivative trading reform and to protect credit rating agencies that lie. He even authored a bill designed to deadlock the new Consumer Financial Protection Bureau – one of the agencies that is required to come up with the rules that would protect consumers from big banks’ shenanigans.
I’m running to fight for small businesses, good jobs, and a strong middle class in Wisconsin. I’ll stand up to Wall Street, ensuring that consumers are protected and the financial services industry is held accountable. If you would like to stand with me on this issue, please sign our petition demanding that Duffy stands with Wisconsin - not Wall Street.
You can read more about other candidates like myself who are standing up to Wall Street in The Hill's Campaign Blog.