( - promoted by Jay Stevens)
Once again the Chamber of Commerce shows that it will go to any length to put the interests of Wall Street and big banks ahead of Main Street Montana.
We've already seen the Chamber funnel millions of dollars from the insurance industry into misleading anti-health reform advertisements.
Now, rather than pushing for rules that will end the deceptive financial practices that have shuttered businesses throughout Montana and put hundreds of residents out of work, the Chamber wants to maintain the status quo -- putting us at risk for future economic calamities.
In a shrill press release issued this week, the Chamber targets the Consumer Financial Protection Agency (CFPA), insisting it will hurt the very people the agency is meant to help.
Disappointingly, the Billings Chamber of Commerce/Convention and Business Industry signed on to the statement.
The greedy, reckless behavior of big banks and Wall Street nearly brought on a second Great Depression. Montana is suffering as a result of their actions. State agencies and city governments are struggling with deficits. Small businesses are fighting to stay afloat. And working people are more fearful than ever about losing their jobs.
Meanwhile, Goldman Sachs contemplates giving its CEO and other high-ranking employees $100 million in bonuses.
We need rules that will reign in reckless behavior on Wall Street and help protect Montana consumers and small businesses.
It would be nice if the Montana Chamber took our side instead of Wall Street's.