Articles tagged with: Wall Street lobbying
“In a brief advisory statement, the Commodity Futures Trading Commission has closed a specious, lobbyist-concocted loophole in the regulation of the derivatives markets. By doing so, the Commission has reaffirmed one of the most important and hard-won victories of the Dodd-Frank Act.”
The House of Representatives recently voted to roll back a provision of the Dodd-Frank Act that, as reporter Ailsa Chang explained on All Things Considered (NPR, 11/11/13), “prevents banks from using your deposits to trade …
“’The House is the odd man out in terms of doing Wall Street’s bidding,” says AFR policy director Marcus Stanley. “They’re letting Wall Street write the law to its own benefit in ways that harm the public.”
“We expected that it would be hard to keep what we’d won and do more going forward,” AFR’s Lisa Donner tells USA Today. “It’s been slower and harder than we’d hoped.”
Citi’s recommendations influenced “more than 70 lines” of an 85-line bill. Two key paragraphs “were copied nearly word for word” from a draft prepared by Citi and two other large banks.
Americans for Financial Reform will host a conference call for reporters and bloggers on Today at 12:00 PM EDT to discuss the impact of Wall Street speculation on gas prices. Wall Street gambling is driving up gas prices and putting a strain on the economic recovery and the pocket-books of working families and the middle class.
Click here to view this week’s highlights and lowlights in Wall Street Reform – March 24, 2012 – March, 30, 2012.
Please note: Compiling and distributing ‘This Week in Wall Street Reform’ will be in a period …
“On the eve of Tax Day, as millions of Americans are still struggling with hard times and worrying about how to pay the IRS, some of the most prominent players on Wall Street held a press conference announcing that they were stepping up to support a financial speculation tax to “pay their fair” share and help put America back to work.”