FOR IMMEDIATE RELEASE CONTACT: Doug Gordon, 202-822-5200 DATE: October 7, 2009 Americans for Financial Reform: Congress Needs To Take On Big Banks, Protect Consumers Draft Legislative Language On Derivatives Is Not Enough; All Transaction Need to Be Transparent Washington, DC – Americans for Financial Reform
On October 7, USA Today ran this excellent opinion piece. Here’s an excerpt: New financial watchdog could curb abusive practices, limit fine print. In Washington, it’s always easier to kill a new idea than to promote one. And that’s what the banking industry is counting
click here for link Thursday, October 1, 2009 For more than three hours Wednesday, supporters and opponents of a new federal agency that would oversee mortgages, credit cards and other consumer financial products dug deeper into their trenches in Room 2128 of the Rayburn House
October 1, 2009 By LOUISE STORY and ERIC DASH Click here for link Less than a year ago, Bank of America’s chief executive, Kenneth D. Lewis, celebrated his daring takeover of Merrill Lynch as the crowning triumph of a long career. On Wednesday, that conquest