John Taylor, President & CEO of the National Community Reinvestment Coalition (NCRC), discussed the next wave of AIG bonuses on Fox Business News. In response to another guest’s hemming and hawing about what is appropriate compensation and how a salary is defined, John really made
Paul Volcker, Chairman of the president’s Economic Recovery Advisory Board and former Federal Reserve Chairman, published this op-ed in the New York Times. Here are excerpts: The phrase “too big to fail” has entered into our everyday vocabulary. It carries the implication that really large,
Thank you so much for joining Americans for Financial Reform. As we work to clean up the mess that Wall Street made, we need your voice to help make sure that the job of rewriting the regulatory rulebook is not left to the financial predators
This article posted on Financial Advisor Magazine’s website shows another side of the argument for a Financial Transaction Tax. Here are a few of the notable statements from the article, including the leading paragraph: Opponents of one proposed Wall Street reform, a financial transaction tax,
Professor Elizabeth Warren was back on the Daily Show on Tuesday night to speak to host Jon Stewart about the dire need for financial reform in order to preserve the middle class and America’s financial security. Warren, who has served as the TARP oversight chair
The Benefits of a Financial Transactions Tax A financial transaction tax is a tax placed on a specific type of financial transaction for a specific purpose. From the Center for Economic and Policy Research (CEPR): The recent economic turmoil has generated renewed interest in a
Last night in his State of the Union address, President Obama reinforced his ambitious agenda to fix the economy and enact financial reform, including measures to hold Big Banks accountable for their reckless actions that led to our financial crisis and the loss of millions
Survey finds small business owners support financial reforms, consumer protection agency ** Report posted online at www.mainstreetalliance.org/publications ** Washington, DC – Today, the Main Street Alliance released a new report highlighting impacts of the financial crisis on small businesses and a snapshot of Main Street
Financial advisor Suze Orman spoke with CNN reporter Campbell Brown yesterday about stimulus money, mortgage relief, and the problems caused by the big banks. When asked about mortgages and the troubles faced by homeowners, Orman said “I have to tell you, while it’s easy for
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