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Article Archive for January 2010

Obama Expected To Send Strong Message to Big Banks: No Longer Business as Usual
January 27, 2010 – 1:13 pm

FOR IMMEDIATE RELEASE
DATE: January 27, 2010

Financial Reform Needed To Set the Country on the Road to Recovery

Latest NBC/WSJ Poll says Americans want stronger regulations to rein in Big Banks: “Nearly three-quarters say that …

New York Times: Ailing Banks Favor Salaries over Shareholders
January 27, 2010 – 12:26 pm

The New York Times points out the discrepancy between what banks pay in salary vs. what they produce for their shareholders in this article. Here are excerpts (emphasis ours):
Finding the winners on Wall Street …

Iowa has a message for big banks
January 27, 2010 – 11:32 am

NPA affiliate Iowa Citizens for Community Improvement held a “Showdown in Des Moines” on Tuesday:
Wells Fargo just announced record-breaking profits, we expect another big bonus year while the rest of us face cuts.  Hundreds of …

Suze Orman: The Banks Don’t Want to Deal
January 27, 2010 – 11:19 am
Suze Orman: The Banks Don’t Want to Deal

Financial advisor Suze Orman spoke with CNN reporter Campbell Brown yesterday about stimulus money, mortgage relief, and the problems caused by the big banks.
When asked about mortgages and the troubles faced by homeowners, Orman said …

NYT: Restarting Financial Reform
January 25, 2010 – 11:08 am

The New York Times published this editorial supporting President Obama’s proposal to break up the big banks.  Here is an excerpt:
In calling for new limits on the size and activities of big banks, President Obama …

In Focus: Hearing Highlights Bonus Bonanza
January 22, 2010 – 10:25 am

FOR IMMEDIATE RELEASE
DATE: January 22, 2010

In Focus: Hearing Highlights Bonus Bonanza

Frank Zeros In On Out-of-Control Bonuses

Washington, DC – Americans for Financial Reform released the following statement about the House Financial Services …