Tele-press conference Monday, June 7, 2010  at 9 a.m. EDT

Nobel Prize winner warns against putting the government at risk for Big Banks’ deceptive practices

Elimination of the language in the Senate financial reform bill that would require big banks to separate their derivatives desks from their regular commercial banking – and protecting American taxpayers from this risky business – is a top priority of  the big Wall Street banks that monopolize this business.

Three experts in the field of economics and derivatives will explain why the big banks’ approach is wrong, and why Americans should insist that strong protections remain in the final version of the bill, which goes before a House – Senate conference committee next week.

WHAT: Discussion on why keeping strong protections against risky and deceptive derivatives trading in the bill that comes out of the House – Senate conference committee is critical.

WHO: Nobel Prize-winning economist and Columbia University Professor Joseph Stiglitz, Michael Greenberger, a former Commodities Futures Trading Commission official and a professor at the University of Maryland School of Law, where he teaches a course entitled “Futures, Options and Derivatives;” and Rob Johnson,  Director of the Economic Policy Initiative at the Franklin and Eleanor Roosevelt Institute and member of the UN Commission of Experts on Finance and International Monetary Reform.

WHEN: Monday, June 7, 2010

9:00 a.m. (EDT)

Contact us for dial in information.