Letter: Larsen vote a disspointment to this voter

Editor,

I was dismayed to learn that Congressman Rick Larsen joined the Republican majority and voted for the so-called “Economic Growth, Regulatory Relief and Consumer Protection Act.”

This act eliminates key protections of the Dodd-Frank law, designed to prevent another bank meltdown like we saw in 2008.

In voting for the act, Rep. Larsen ignored the Congressional Budget Office and financial experts’ warnings that this bill will certainly lead to new bank failures requiring more bailouts. He voted to rollback regulations that enforce fair lending standards and protect buyers of mobile homes against predatory lending practices.

Larsen defended his vote by claiming the bill protects small lenders and credit unions, but most of the bill’s benefits flow to 30 of the 40 largest banks in the United States.

I’m sure that our local banks are eager for any form of deregulation, but that deregulation is not worth the potential cost of another Great Recession.

Hopefully, Rep. Larsen will say “no” the next time Trump and his “base” seek to roll back regulations that protect all Americans.

Malcolm Cumming

Clinton

More in Opinion

Cartoon for Sept. 22, 2018

Cartoon for Sept. 22, 2018… Continue reading

Letter: Has the Navy looked at impact on Sound’s orcas?

Editor, Knowing how deeply the increase in OLF flights off Central Whidbey… Continue reading

Letter: Oak Harbor Key Club’s Trivia Night is nearing

Editor, I am writing this letter in regards to our First Annual… Continue reading

Letter: Democracy depends on exercising right to vote

Editor, Tuesday, Sept. 25 is National Voter Registration Day. Across the nation,… Continue reading

Climate lobby makes strong case for supporting Initiative 1631

Asking people to vote to increase the cost of a gallon of… Continue reading

Cartoon for Sept. 19, 2018

Cartoon for Sept. 19, 2018… Continue reading

Letter: Sharpe’s Corner a job well done

Editor, There was a good bit of opposition when the Washington State… Continue reading

Letter: A poor design for the big trucks

Editor, As one who spoke up against the roundabout traffic circle plans,… Continue reading

Letter: Letter writer is not an expert, Navy is

Editor, I think the U.S. Navy knows a bit more about the… Continue reading

Most Read