Lake Research Partners has put out this memo in response to Frank Luntz’s anti-reform memo, which AFR’s Heather Booth blogged about here. This latest memo details how financial reform advocates should frame the conversation about financial reform in order to effectively rein in the greedy,
Leo Hindery, Jr. is chair of the US Economy/Smart Globalization Initiative at the New America Foundation. He is the former chief executive of AT&T Broadband and other major media and telecom companies, and published this editorial on CNN Opinion. New York (CNN) — What if,
In an editorial titled “Opposite of Bold,” the New York Times endorsed the Obama Administration’s proposal to levy a Financial Transaction Tax on banks: Mr. Obama also must … embrace ways to pay for initiatives, such as redeploying money from the bank bailout or endorsing
The New York Times points out the discrepancy between what banks pay in salary vs. what they produce for their shareholders in this article. Here are excerpts (emphasis ours): Finding the winners on Wall Street is usually as simple as looking at pay. Rarely are
Visit the Sojourners website to download the first chapter of Reverend Wallis’s new book, “Rediscovering Values: On Wall Street, Main Street, and Your Street.” Watch him on the Daily Show below: The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Jim Wallis
Wall Street has quickly rediscovered the virtues of mammoth paychecks. Why hasn’t there been more financial reform? By ALAN S. BLINDER I hear Gordon Gekko is making a comeback. So is greed. They say markets are alternately ruled by greed and fear. Well, our panic-stricken
Julia Gordon of the Center for Responsible Lending testified on January 13, 2010 before the Financial Crisis Inquiry Commission. Download her testimony (PDF).
Banks are bracing for outrage, not just from the public but from their employees as well. Dan Pedrotty of the AFL-CIO shares insight in this video.
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 ask that you immediately release all emails, internal accounting
Despite unleashing havoc on the global economy, Wall Street is on track to pay out an all-time record in bonuses and compensation this year. The nation’s six largest banks alone – Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Morgan Stanley –