For too long, the rules of Wall Street have been written by the bankers themselves. This year, that has to change.
Americans for Financial Reform is working to reform the nation's lending industry and financial system. We're working to protect Americans' neighborhoods, homes and pocketbooks by creating an economy that works for everyone.
Click here to watch! Then call your Senators toll free (866-544-7573) and tell them to support financial reform.
Heidi Montag knows a thing or two about plastic. The star of The Hills recently had 10 plastic …
Heads they win, tails we lose! Wall Street gambled with our savings, collected billions, and then left taxpayers to pay the price when the economy went south. We need new rules to keep Wall Street in line. Read more.
To restore the economy and create jobs, banks must offer good, safe loans to consumers, homeowners and businesses. We need to end the foreclosure crisis and stop people losing their homes, and we need community reinvestment that directs responsible lending to our communities and businesses. Read more.
No more foxes guarding the chicken coop: banks should not be able to pick their own regulators. And “too big to fail” should be too big to exist. To prevent the next crisis, we need accountable, transparent and democratic regulators to prevent banks from getting too big or acting irresponsibly. Read more.
We need this agency to protect us from abusive financial products, just as we have clear rules to prevent the sale of poisonous food, drugs with deadly side effects, and toasters that are likely to explode. Read more.
The CFPA must be independent – not subject to veto or approval by any prudential regulator or any other person or board. Read why.
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 …
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 …
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 …
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 …