Who is against this?


The leading group opposing this is the Securities Industry and Financial Markets Association (SIFMA), which is the trade association for the banks, securities firms, and asset managers.  SIFMA’s Chair-Elect is a the Chief Operating Officer of Morgan Stanley and its membership includes the securities units of Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, Goldman Sachs, and AIG.  These are the same firms that caused the foreclosure crisis and lobbied to prevent federal relief for homeowners.  Now they are trying to stop our communities from taking action at the local level to fix what they broke. 

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