February 9, 2010 Dear Senator Harkin and Representative DeFazio: We, the undersigned organizations, are writing in support of your bills, “The Wall Street Fair Share Act”(S. 2927) and “Let Wall Street Pay for the Restoration of Main Street Act of 2009” (H.R. 4191). Your bills
Professor Elizabeth Warren submitted this Opinion piece to the Wall Street Journal yesterday. As the Chair of the TARP Congressional Oversight Panel, Professor Warren has been vocal about the need for increased consumer protections and has been a staunch supporter of the creation of a
AFR Director Heather Booth has a new column on the Huffinton Post exposing Frank Luntz’s lies about financial reform. Here’s an excerpt from her post: Seen this ad from the “Committee for Truth in Politics”? If the name weren’t comical enough, the visuals are. But
The Main Street Brigade is a rapid response team, nationwide, that can be activated to protect our communities against just this kind of devastation. Right now, we are ALL vulnerable to the big banks, CEOs and Wall Street institutions whose irresponsibility and risky behavior caused
To get our economy back on track, we must regulate the financial instruments known as “derivatives.” Derivatives are traded on Wall Street in secretive “shadow markets.” These markets need to be brought into the light to secure financial safety for regular investors – folks depending
Heather Booth, the Executive Director of Americans for Financial Reform, is now blogging on the Huffington Post. Click here to read her profile and subscribe to her blog. This week, she’s talking about the link between unemployment and the need for financial reform, especially given
Business for Shared Prosperity, an AFR affiliate, has been getting attention with their message of support for financial reform. The coalition, made up of business owners from around the country, recently put out this press release (PDF) asking the Senate to approve the Consumer Financial
Re: Support of the Financial Crisis Responsibility Fee January 25, 2010 Dear President Obama, We, the undersigned organizations, are writing to thank you for your leadership on financial services reform and applaud your proposal for a Financial Crisis Responsibility Fee to recoup TARP bailout funds.
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,