Firing Back in Wall St.’s Reform War

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Americans for Financial Reform, a leading advocacy group lobbying for major regulatory crackdowns on Wall Street, released a new ad today coming to the defense of Sen. Jon Tester (D-MT), who’s been under fire lately for his support for an independent Consumer Financial Protection Agency and for generally backing greater reforms of the financial markets. In particular, Tester’s been taking a lot of heat from a secretive, deep-pocketed organization called the Committee for Truth in Politics, which has targeted Tester and called the financial reform supported by the Montana senator a $4 trillion bank bailout in disguise. (That language, you’ll remember, comes from a memo circulated by consultant Frank Luntz trying to torpedo Wall Street reforms.) Earlier this month, Tester called the committee’s attacks on him “flat-out false,” and asking to see the source of the committee’s funding, which it doesn’t publicize. “Our economy almost collapsed a year and a half ago because there were no referees on Wall Street,” Tester wrote in a statement. “Montana’s Main Street small business owners and families should never have to pay the price of greed on Wall Street.”

Here’s the ad:

THE TRUTH...

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

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