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Article Archive for December 2009

Detroit News Editorial: America Needs Consumer Financial Agency
December 17, 2009 – 3:00 pm
Detroit News Editorial:  America Needs Consumer Financial Agency

The Detroit News published this insightful editorial by professor John A.E. Pottow.  He tries to uncover the Chamber of Commerce’s opposition to the CFPA, and discovers:
“This group fears that meaningful government oversight will make it …

Wall Street bonuses could fund an economic recovery for millions of Americans
December 17, 2009 – 2:41 pm
Wall Street bonuses could fund an economic recovery for millions of Americans

Despite unleashing havoc on the global economy, Wall Street is on track to pay out an all-time record in bonuses and compensation this year.  The nation’s six largest banks alone – Goldman Sachs, JPMorgan Chase, …

Bloomberg: Hoffa Says Goldman Sachs Is Driving Trucker YRC Into Bankruptcy
December 17, 2009 – 10:28 am

This Bloomberg article reports that Goldman Sachs is is creating derivatives trades that would benefit from the bankruptcy of a trucking company.  Here’s an excerpt:
Dec. 17 (Bloomberg) — International Brotherhood of Teamsters President James Hoffa …

More Bonus Protests Coming Up! Austin, Chicago, Denver, Orlando, Michigan, Portland, Richmond, New Jersey, San Francisco, Delaware, and Washington DC
December 17, 2009 – 9:30 am
More Bonus Protests Coming Up! Austin, Chicago, Denver, Orlando, Michigan, Portland, Richmond, New Jersey, San Francisco, Delaware, and Washington DC

Email bonusballots@ourfinancialsecurity.org for more details about any of these events.  Please note which city’s events you are inquiring about.  Hope to see you there!

Austin, Texas:  Thursday, Dec 17, noon at 15th and Guadalupe in front …

Contact Your Representative About the Wall Street Reform and Consumer Protection Act of 2009
December 17, 2009 – 8:00 am
Contact Your Representative About the Wall Street Reform and Consumer Protection Act of 2009

Americans for Financial Reform supported H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, which will provide much-needed financial regulations and calls for the creation of a Consumer Financial Protection Agency.  Read …

Progress Illinois: Financial Reforms Clear House, No Thanks to IL Republicans
December 16, 2009 – 12:28 pm

This week’s actions are being covered by the blogosphere.  Folks around the country are turning up to protest abusive financial products like payday loans, and the huge bonuses going to executives at big banks which …