This week, America’s biggest banks celebrated another quarter of enormous profits.
Jamie Dimon called the economy resilient. JPMorgan reported record earnings. Wall Street is thriving.
Meanwhile, in Arkansas, families are choosing between groceries and prescriptions. Young couples can’t afford their first home. Credit card interest rates hover above 20 percent. Rural hospitals are closing. Working people are falling further behind.
That contrast didn’t happen by accident. It happened because Congress made choices.
And no member of Congress has had more influence over banking policy than French Hill.
As Chairman of the House Financial Services Committee, Hill has consistently fought to weaken consumer protections, reduce oversight of the nation’s largest financial institutions, and limit the authority of the Consumer Financial Protection Bureau, the agency that has returned billions of dollars to Americans harmed by illegal banking practices.
When banks wanted fewer rules, Hill was there.
When they wanted less oversight, Hill was there.
When they wanted Washington to trust Wall Street to police itself, Hill was there.
The result?
Record profits for the largest banks.
Record pressure on working families.
I don’t believe banks should fail. I believe they should succeed by helping Arkansas families succeed.
A banking system should make it easier to buy a home, start a business, expand a farm, or recover from an emergency.
Instead, too many Arkansans feel like they’re financing someone else’s record earnings.
French Hill has spent years making life easier for the most powerful financial institutions in America.
I’m running for Congress to make life easier for the people who actually sent him there.
It’s time Congress started measuring success by something bigger than bank profits.
It’s time we measured it by whether Arkansas families can finally get ahead.
Blessings,
Chris Jones
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