admin, Author at Americans for Financial Reform

This Week in Wall Street Reform

Click here to view this week’s highlights and lowlights in Wall Street Reform – June 25, 2011 – July 1, 2011.

AFR criticizes the OCC’s proposed preemption rules

Read our comment letter to the OCC here.

Speculation Wrap Up: How Wall Street Speculation is Driving Up Gas Prices Today

Read a summary of the release and press coverage of our report with Robert Pollin and James Heintz, “How Wall Street Speculation is Driving Up Gas Prices Today” here.

Study finds financial speculation in oil led to higher gasoline prices

Study finds financial speculation in oil led to higher gasoline prices Dennis Sadowski (Catholic News Service) June 30, 2011 ―Excessive speculation in crude oil futures on the part of financial traders added 83 cents to the cost of a gallon of gasoline in May, two

NYTimes: A Secretive Banking Elite Rules Trading in Derivatives

by Louise Story December 11, 2010 “On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives,

LA Times: Homeowners deserve more than halfhearted mortgage relief

Michael Hiltzik June 28, 2011 “Almost anywhere you look, assessments of the state of the economic recovery are muddled — job growth is positive but fading, consumer spending ebbs and flows, corporate profits are surging but corporate spending is not. The exception is housing, on

NYTimes: In U.S. Monetary Policy, a Boon to Banks

June 29, 2011 By Jesse Eisinger, Propublica “The most pronounced development in banking today is that executives have become bolder as their business has gotten worse. The economy is clearly weaker than expected, and housing prices are falling throughout the land, eroding bank asset values.

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