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In his poignant inaugural speech, @POTUS noted the challenges we face, including cries for racial justice & survival of the planet.
To tackle these challenges will require all of govt—inclu the banking regulators. No one’s better to tackle this at @USOCC than @MehrsaBaradaran /1
To tackle these challenges will require all of govt—inclu the banking regulators. No one’s better to tackle this at @USOCC than @MehrsaBaradaran /1
@MehrsaBaradaran has focused her scholarship on racial discrimination in the financial system. Her book “Color of Money” shows how the banking system itself has worked to both create & uphold racial inequities. /2 https://www.hup.harvard.edu/catalog.php?isbn=9780674237476
@MehrsaBaradaran’s book “How the Other Half Banks” documents our two, separate banking systems—one of which is predatory and targets people with payday loans—and posits as a potential solution the return to Postal Banking, which the US had until 1966. https://www.hup.harvard.edu/catalog.php?isbn=9780674983960 /3
@MehrsaBaradaran has also documented the importance of the social contract — a notion important to tackling the societal problem of climate change. Banks benefit from the social contract — so should individuals. /4 https://scholarship.law.nd.edu/ndlr/vol89/iss3/6/#:~:text=This%20Article%20asserts%20that%20there,measures%20reasonably%20reduce%20bank%20profits
As @MehrsaBaradaran noted in a recent article: “All of our individual and collective actions can cause dislocation, death, famine, and scarcity. Our lives and fates have always been linked, because the earth’s resources are not unlimited” /5 https://prospect.org/coronavirus/unsanitized-a-crisis-to-end-all-crises/
In his inaugural address, @POTUS declared “It is a time for boldness, for there is so much to do.” I can think of no one better than @MehrsaBaradaran to bring a bold agenda to the @USOCC and help create policy to tackle racial inequity and the economic risks climate change poses.
