Sign the petition
The petition reads:
Wall Street is not my Main Street – and I can’t believe someone appointed to represent the public on financial matters is interfering with investigations on behalf of major financial firms. It’s not the job of NY Fed Directors to advocate for the big banks – and that’s why your outrageous statement to NY Attorney General Schneiderman is indefensible.
I demand that you step down before the Fed is forced to fire you themselves.
Complete the following to sign. You’ll also receive periodic updates on activism opportunities.
Tell Kathryn Wylde: Wall Street is not Main Street.
*
Who do you think said this?
“Wall Street is our Main Street — love ’em or hate ’em. They are important and we have to make sure we are doing everything we can to support them unless they are doing something indefensible.”1
Some Goldman Sachs executive? John Boehner? Bernie Madoff? Nope, nope and nope. It was Kathryn Wylde, a board member of the New York Federal Reserve whose job is to represent the *public* in financial matters.1
Does that sound like a public advocate? Wylde is currently standing in the way of an investigation by New York Attorney General Eric Schneiderman that would put Bank of America and other major financial firms under the magnifying glass for mortgage fraud. Finally we could see criminal prosecutions of those responsible for the market meltdown.
Enough is Enough! Join us in signing an emergency letter to Ms. Wylde, demanding that she step down.
1. “Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal“, New York Times.
2. “New York Fed Director Kathryn Wylde Provokes Accusations Of Conflict Of Interest“, The Huffington Post.