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Article Archive for October 2009

CNN: Are ‘Too Big To Fail’ Powers Just Too Big?
October 31, 2009 – 11:50 am

By Jennifer Liberto.  Excerpt:
WASHINGTON (CNNMoney.com) — As Congress starts debating how to deal with financial firms deemed “too big too fail,” some lawmakers and advocates are worried about giving the executive branch expansive new powers …

Bloomberg: Bankers Expect Rising Bonus Pay to Break Records in Global Poll
October 30, 2009 – 3:10 pm

Oct. 30 (Bloomberg) — In Washington and on Main Street, politicians and voters are railing against Wall Street’s multi- million-dollar pay packages. In the financial world, most executives expect their bonuses to match or exceed …

TIME: What’s Still Wrong with Wall Street
October 30, 2009 – 2:57 pm
TIME: What’s Still Wrong with Wall Street

Are you furious? If not, you should be. The giant financial institutions that make up Wall Street have been bailed out, thanks to trillions of dollars of our money, and are on track to hand …

All Tricks, No Treats
October 30, 2009 – 2:24 pm
All Tricks, No Treats

The banks are going door-to-door but only handing out tricks — no treats.
Banks are spending MILLIONS to defeat good financial reform that would prevent a future meltdown and help everyday people.  Enough is Enough!

AFR Encouraged As the Consumer Financial Protection Agency Passes Next Challenge
October 30, 2009 – 8:11 am

DATE: October 30, 2009

AFR Encouraged As the Consumer Financial Protection Agency Passes Next Challenge

Efforts to Weaken the Agency Defeated

Washington, DC – Americans for Financial Reform released the following statement following on …

AFR: “Too Big to Fail” Legislation Needs to Be Improved to Ensure We Avoid Another Financial Meltdown
October 30, 2009 – 6:38 am

Powers must be given to a fully public body, and one that is able to benefit from the information and perspective of the routine regulators of the financial system (excerpt from Pres. Trumka’s testimony)

DATE: …