Hon. Robert P. Casey Jr. 393 Russell Senate Office Building Washington, DC 20510 Dear Senator Casey: Americans for Financial Reform (AFR) – a coalition of more than 250 consumer, employee, investor, community, labor and civil rights groups — wishes to respectfully express our strong concern
For Immediate Release April 19, 2010 AFR Statement on the Derivatives and Overall Banking Legislation Heather Booth, Director, Americans for Financial Reform: “A year-and-a-half since the reckless behavior of the Big Banks took our economy to the edge of the abyss and cost 8 million
For Immediate Release April 16, 2010 Washington, DC – Americans for Financial Reform issued the following statement regarding the S.E.C. suit accusing Goldman Sachs of fraud on mortgage deals. Heather Booth, Director, Americans for Financial Reform: “The SEC investigation into Goldman Sachs is a major event
The New York Times recently posted this editorial about the connection between Greece’s financial problems and Wall Street and the need for better regulation of derivatives trading. As Greece has tottered on the brink of fiscal chaos, threatening to drag much of Europe down with
A recent editorial in the New York Times talked about the need for sweeping financial reform in order to effectively deal with the nation’s economic problems, and the hurdles that reform legislation must face as it moves through the Senate. It said: Nearly a year
Wall Street CEOs legalized gambling through something called ‘derivatives,’ making bets on bets on bets. But when their luck ran out, it was our money they lost – our homes, our investments. Watch the ad below from AFR partners Americans United for Change and American
Recently, AFR partners at the Council of Institutional Investors and Investors Working Group sent these letters regarding derivative reform to the Senate. The letters focus on the failures of the current regulators and the need for comprehensive reform legislation. Click here for the letter from
FOR IMMEDIATE RELEASE DATE: February 3, 2010 Americans for Financial Reform, the Commodities Markets Oversight Coalition Band Together to Put Cops Back on the Futures and Derivatives Beat, Close Loopholes That Fostered Financial Meltdown Washington, DC – Business interests ranging from fuel dealers to farmers,
February 1, 2010 The Honorable Christopher Dodd Chairman Senate Committee on Banking, Housing and Urban Affairs 534 Dirksen Senate Office Building Washington, D.C. 20510 Dear Senator Dodd: We are writing today to convey our strong support for comprehensive regulatory reform, and to reaffirm our view
Reuters reports: Reforming the $450 trillion derivatives market is key to removing the risks of financial markets, and greater central clearing of privately traded derivatives is a vital part of that, the head of the Commodities Futures Trading Commission said on Friday. Central clearing, in