The Common Good

Rev. Wallis calls new financial reform bill 'a historic accomplishment'

Source: Sojourners
Date: May 21, 2010

FOR IMMEDIATE RELEASE

Friday, May 21, 2010

CONTACT: Sheldon Good at sgood@sojo.net / 202.745.4625 or

Burns Strider at bstrider@sojo.net / 202.215.2490

REV. WALLIS CALLS NEW FINANCIAL REFORM BILL

'A HISTORIC ACCOMPLISHMENT'

WASHINGTON, DC - After the U.S. Senate passed its financial regulatory reform bill, Rev. Jim Wallis - an evangelical leader, author of Rediscovering Values: On Wall Street, Main Street, and Your Street and president of Sojourners (the largest network of social justice Christians in the United States) - said in a statement today that though "the legislation still contains some weaknesses … it is nonetheless a historic accomplishment.”

Rev. Wallis said that all of the moral and religious principles used to analyze the legislation were incorporated into the new bill. "These principles - clarity, transparency, accountability, and protecting the common good against private greed - now give a stronger voice to Main Street in facing Wall Street,” Rev. Wallis said. "And that's an accomplishment we should applaud.”

In his most recent book Rediscovering Values, Rev. Wallis suggests that we can't go back to business as usual - that we need a new normal. In his statement today, Rev. Wallis said, "Because of the excesses that led to the current Great Recession, in which millions of Americans lost their homes and jobs, the pendulum has once again swung from an era of an "anything goes” mentality to more careful public oversight and government regulation.”

Link to Wallis full statement: http://blog.sojo.net/2010/05/21/finance-reform-a-historic-accomplishment/

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Jim Wallis is the president and CEO of Sojourners, the largest network of progressive Christians in the United States focused on the biblical call to social justice. Wallis is also author of the New York Times bestsellers God's Politics: Why the Right Gets It Wrong and the Left Doesn't Get It and The Great Awakening: Seven Ways To Change The World, Reviving Faith & Politics. His latest book is Rediscovering Values: On Wall Street, Main Street, and Your Street.

Sojourners' mission is to articulate the biblical call to social justice, inspiring hope and building a movement to transform individuals, communities, the church, and the world. Visit www.sojo.net, and www.GodsPolitics.com.