Advocates, Seniors, Small businesses and Students call on Senate to pass Wall Street Reform
Wall Street reform legislation has already passed in the House and is readied for Senate floor action. Advocates from New Jersey Public Interest Research Group, New Jersey Citizen Action, AARP-NJ and the Main Street Alliance will recognize Senator Menendez for his longstanding leadership on consumer financial protections and urge him to continue in his lead role fighting for the strongest Wall Street reform legislation as it moves on the Senate floor. Seniors, small business owners and students will tell personal stories of how the Wall Street collapse has affected them, putting real, live faces on the national economic disaster triggered by the greed and recklessness of Wall Street Banks.
Thursday, April 8th at 12 pm
Room 255, Robeson Campus Center, Rutgers University, Newark, NJ
The Robeson Campus Center is located at 350 Dr. Martin Luther King Blvd. If you are arriving by car, use the University Parking Deck 1 at 200 University Avenue, Newark, New Jersey 07102.
Rebecca Alper, Program Associate, New Jersey Public Interest Research Group
Leslie Schlesinger, CRA Organizer, New Jersey Citizen Action
Marilyn Askin, Chief Legislative Advocate, AARP New Jersey
Alene Kristal is a 62-year-old retired lawyer from Monroe Township. She lost close to half her savings in the meltdown and has since been scammed by Chase in her efforts to manage her financial situation.
Jacqueline Germany, a member of the Main Street Alliance, owns Nina’s Nuances Interior Designs, Inc. in Montclair. Her business is starting to make a comeback after being hit by the economic downturn and rising health care costs. Still, she is feeling the credit crunch and without access to reasonable loans she is unable to invest in the business or bring on additional staff.
Representatives of senior, small business and student groups
The House of Representatives voted for comprehensive Wall Street reform last December, including the establishment of a Consumer Financial Protection Agency. Senator Menendez has been integral to moving similarly strong legislation to the Senate floor, but many of his colleagues, under pressure from a phalanx of bank lobbyists, are actively delaying and obstructing its passage. This press conference will showcase the reform concerns of a variety of citizens and groups representing thousands of state constituencies. Floor action is expected to be completed before Memorial Day.
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