MARBLEHEAD - U.S. Rep. John Tierney, D-Salem, will be the featured speaker at the Marblehead Democratic Town Committee’s annual picnic Monday at 6 p.m. at the VFW Post 2005, 321 West Shore Drive, Marblehead.

Local and state office-holders and Democratic candidates have also been invited. The menu will consist of clam chowder, steak tips, grilled chicken, corn on the cob, salads and strawberry shortcake. The event is open to the general public.

Tickets are $20. They can be purchased at the door, by calling Phil or Marcia Sweeney at 781-631-3570 or sending a check to them at 26 South St., Marblehead, MA 01945. Additional information or reservations are also available at philsweeney@comcast.net or marciasweeney@comcast.net.

The Marblehead Democratic Town Committee includes 35 registered Democrats, elected to regular membership by Marblehead voters at presidential primary elections. The committee also has “life members,” which consists of those people who have served as regular members for 20 years, and associate members elected by the committee’s regular and life members.

Meetings are held on the fourth Monday of each month at the Marblehead Community Center at 7:30 p.m. and are open to the public.

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This article was published by the Daily Item of Lynn.  You can find the original article here.

PEABODY - U.S. Rep. John F. Tierney on Wednesday lauded President Barack Obama for signing the Wall Street Reform and Consumer Protection Act.

Tierney, D-Salem, has long supported the measure and voted in favor when it passed the House. The law was designed to protect consumers and small businesses while holding big banks accountable for their role in the current economic crisis.

"For far too long, many on Wall Street have been allowed to profit unbridled at the expense of average American families, seniors and small businesses," Tierney said Wednesday. "The Wall Street Reform bill signed into law (Wednesday) will put in place sensible measures to rein in Wall Street, help to prevent the risky practices that led to the current financial meltdown and ensure that taxpayers are no longer responsible for bailing out big banks."

The congressman added that Wall Street reform "will protect and empower local families to make better decisions about their financial futures while providing the regulatory certainty necessary to help investors and local businesses spur economic growth and create jobs in our communities."

The Wall Street Reform law includes provisions to protect consumers, such as eliminating costly taxpayer bailouts with new procedures to unwind failing companies that pose the greatest risk - paid for by the financial industry and not the taxpayers.

The law creates a new independent Consumer Financial Protection Bureau to protect families and small businesses from deceptive practices by ensuring that bank loans, mortgages and credit cards are fair, affordable, understandable and transparent.

It also ends the so-called casino culture on Wall Street by enacting tough new rules on the riskiest financial practices, including a "Volcker rule" that generally restricts investment banks from using federally insured taxpayer funds to make their own risky bets.

According to Tierney, the law aims to constrain egregious executive compensation and retirement plans by allowing a "say on pay" for shareholders, requiring independent directors on compensation committees and limiting bank executive risky pay practices.

Tierney has been a vocal critic of the lack of regulatory reform that led to the current economic crisis. In 1999 he was one of only 57 House members to oppose repeal of the Glass-Steagall Act, legislation which protected consumer and small business deposits by creating a firewall between investment banking and commercial banking.

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This article was published by the Daily Item of Lynn.  You can find the original article here.

Washington, D.C. — Congressman John Tierney (D-MA) released the following statement in support of the Wall Street Reform and Consumer Protection Act, which President Obama signed into law today.

The measure, which Tierney helped pass in the House, will protect consumers and small businesses while holding big banks accountable for their role in the current economic crisis.

“For far too long, many on Wall Street have been allowed to profit unbridled at the expense of average American families, seniors, and small businesses. The Wall Street Reform bill signed into law today will put in place sensible measures to rein in Wall Street, help to prevent the risky practices that led to the current financial meltdown, and ensure that taxpayers are no longer responsible for bailing out big banks,” said Tierney. “Wall Street reform will protect and empower local families to make better decisions about their financial futures while providing the regulatory certainty necessary to help investors and local businesses spur economic growth and create jobs in our communities.”

The Wall Street Reform law includes:

Provisions that will protect consumers:

• Eliminating costly taxpayer bailouts with new procedures to unwind failing companies that pose the greatest risk – paid for by the financial industry and not the taxpayers. 
• Creating a new independent Consumer Financial Protection Bureau to protect families and small businesses from deceptive practices by ensuring that bank loans, mortgages, and credit cards are fair, affordable, understandable, and transparent. 

Provisions which will rein in Wall Street:

• Ending the casino culture on Wall Street by enacting tough new rules on the riskiest financial practices, including a “Volcker rule” that generally restricts investment banks from using federally-insured taxpayer funds to make their own risky bets.
• Constraining egregious executive compensation and retirement plans by allowing a ‘say on pay’ for shareholders, requiring independent directors on compensation committees, and limiting bank executive risky pay practices.

Tierney has been a vocal critic of the lack of regulatory reform that led to our current economic crisis and has consistently supported efforts to clean up risky Wall Street practices. In 1999 he was one of only 57 House Members who opposed the repeal of the Glass-Steagall Act, legislation which protected consumer and small business deposits by creating a firewall between investment banking and commercial banking.

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This article was published by The Burlington Union.  You can find the original article here.

Welcome to our new website!

I’m really excited about using these tools to engage you with our campaign in new and innovative ways.  I hope you’ll take a few minutes to surf the site and learn more about its features.  Getting involved has never been easier.  Read about where I stand on the issues and share information with your friends.  Sign up to volunteer, create your own personal fundraising page or connect directly with my social networking sites.

Most important, we want to hear from you.  Send us your comments about the site or the campaign in general.  We’ll also use this space from time-to-time to pose questions and ask for your feedback about particular issues.

The new website launch is just the first of many upcoming events to kick off the campaign, so be sure to visit the site often to stay up-to-date with the latest news.  It’s going to be a great campaign, and I’m looking forward to working with you over the next several months.  I’m ready to roll up my sleeves, and I hope you are too.

Thank you for your continued support.  See you on the campaign trail.

John