Surprise! Socialist Groups Helped Shape Financial Reform Law

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Hold onto your seat, you’re going to be shocked when you hear this news.

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Are you ready?

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Socialist groups helped to write the FrankenDodd financial reform bill.

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OK, so it’s not really a surprise. But now thanks to Investor’s Business Daily and a book written by the socialists you have confirmation of what you knew all along.

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Socialist activists and their front groups played a shockingly outsized role shaping and passing the monumental financial reform legislation that authorized the creation of President Obama’s powerful consumer credit watchdog agency.

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Their intimate involvement is revealed in a new book, “Financial Justice: The People’s Campaign to Stop Lender Abuse,” which offers a rare, if biased, behind-the-scenes look at the anti-bank movement’s multimillion-dollar lobbying effort in support of the Dodd-Frank Act.

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Written by two leftist consumer advocates drawing from interviews with more than 30 of the activist-lobbyists, the book is a road map to their radical activities, from ginning up hatred for “greedy and unscrupulous” bankers to pressuring members of Congress to agree to things even some Democrats didn’t favor.

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Their highly organized 2009-10 activities were coordinated by a well-funded coalition with a mainstream-sounding name: Americans for Financial Reform.

Read the whole thing, even if you are left feeling less financially protected than ever. Everything these people touch turns to crap, and that’s by design.