For those who saw me on the Fox Strategy Room this morning and want to know more about Edda Lopez, here’s a video (which I was proud to help film) telling Edda’s awful story about how the banking industry — and lack of regulation — failed her and her family.
Edda’s story had a happy ending — because the community organizing group National People’s Action joined forces with Edda and finally got Bank of America to agree to her original mortgage adjustment. But millions of people like Edda aren’t as fortunate — which is why financial reform was so urgently needed.
My latest popular education video dissects the confidential memorandum that Louis Powell (who went on to be Supreme Court Justice Louis Powell) wrote to the US Chamber of Commerce and titans of business in 1971 warning of the potential demise of corporate domination in America.
Watch the video to learn how big business’ secret plan led to the political situation — and financial wreck — we’re in today.
For more, you can read the full Powell Memorandum and more analysis on the Reclaim Democracy website.
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