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Articles tagged with: systemic risk

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 …

AFR Stands With President Obama To Rein In The Big Banks
January 21, 2010 – 1:59 pm

Washington, DC – Americans for Financial Reform released the following statement about President Obama’s proposal to limit the size and investments of big banks.
Heather Booth, Executive Director, Americans for Financial Reform: “Today the President …

Washington Post: Fed’s Approach to Regulation Left Banks Exposed to Crisis
December 21, 2009 – 12:47 pm

The Washington Post ran this article pointing out mistakes made by the Federal Reserve Board.  Here is an excerpt:
Just as the Fed had failed to protect borrowers from the consequences of subprime lending, so too …

What Caused the Crisis at AIG?
December 21, 2009 – 10:04 am
What Caused the Crisis at AIG?

US Taxpayers spent $180 billion to bail out AIG – and bought an 80% stake in the company in the process.  Sign the open letter to AIG here!
As taxpayers and majority shareholders in AIG, we …

New York Times Editorial: Even Bigger Than Too Big to Fail
December 16, 2009 – 7:41 am
New York Times Editorial:  Even Bigger Than Too Big to Fail

This week, the New York Times editorilized about Citibank’s exit from the bailout program.  Although this seems to be good news on the surface, they note that in fact, our financial system is creating ever …

Inslee Amendment Letter of Support
December 10, 2009 – 10:15 am

U.S. House of Representatives
Washington, D.C.  20515
December xx, 2009
Re: Support Rep. Inslee’s Systemic Risk and Stabilization Amendment
Dear Member,
As members of Americans for Financial Reform, a coalition of more than 200 consumer, employee, investor, community, business and …