Sisters and Brothers,
Jay Clayton, who Donald Trump has nominated for chairman of the Securities and Exchange Commission, has spent his career as a Wall Street insider lobbying for Goldman Sachs and Barclays. Now he’s in line to police the same banks whose greed and recklessness led us to the 2008 global economic meltdown, the worst financial disaster since the Great Depression.
Trump said that he would be tougher on our large financial institutions, holding them accountable and making the system more fair for the middle class and working Americans. During his campaign, he said that Wall Street and Washington were part of the same corrupt system that only he could take down. Yet the evidence proves him to be as corrupt and unbeholden to the American people as the political opponents that he vilified on the campaign trail.
Clayton’s ties to Wall Street are deep. His law firm specializes in protecting Wall Street banks, and during the financial crisis he worked as a bailout attorney for Goldman Sachs, where his wife works today as a partner. The SEC chair is supposed to referee Wall Street banks, but Clayton has spent his entire career protecting their interests - and more than half of his family income currently comes from one of them. How can he be trusted to suddenly switch sides and put working Americans first?
Less than 50 days into the Trump presidency, the American people have been subjected to lies, chaos, scandal, and attempts by the administration to violate basic constitutional and human rights. Enough is enough.
Thank you for standing with us and the more than 120 million Americans who voted for Wall Street accountability.