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 –
Americans for Financial Reform supported H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, which will provide much-needed financial regulations and calls for the creation of a Consumer Financial Protection Agency. Read our statement about the bill here. The Act passed by
This week’s bonus actions are making the airwaves. Folks around the country are turning up to protest the huge bonuses going to top executives at the banks which sank our economy and are fighting hard against financial reform. This story from the Christian Post is
This week’s bonus actions are making the airwaves. Folks around the country are turning up to protest the huge bonuses going to top executives at the banks which sank our economy and are fighting hard against financial reform. The story below from Fox News is
This week, the New York Times editorilized about Citibank’s exit from the bailout program. Although this seems to be good news on the surface, they note that in fact, our financial system is creating ever bigger banks, rather than breaking them up so that none
Wall Street Bonuses & Compensation For Just One Year Could Prevent All Foreclosures for Four Years, Solve All 50 State Budget Crises, and create millions of jobs. How Would You Spend $150 Billion? (click here to vote!) On the week of December 14th, in cities
For Immediate Release: Contact: Taylor Lincoln (202) 454-5197 Angela Bradbery (202) 588-7741 Public Citizen Calls for Reforms; More Than 20 Protests to Be Held Around Country WASHINGTON, D.C. – The CEOs of 10 Wall Street firms that either failed or received taxpayer bailouts were paid
AFR coalition member Travis Plunkett of the Consumer Federation of America and Professor Michael Greenberger discussed the Wall Street Reform and Consumer Protection Act of 2009 on NPR today. Listen here. The House takes up the biggest overhaul of laws covering banks and financial institutions
FOR IMMEDIATE RELEASE DATE: December 11, 2009 House Advances Financial Reform, Consumer Financial Protection Agency A Major Step for American Families Washington, D.C. – Americans for Financial Reform released the following statement upon passage of H.R. 4173 “Wall Street Reform and Consumer Protection Act of
The power of the people. Earlier this fall, the JOURNAL traveled to Chicago to check in with protestors outside the American Banking Association’s annual convention. This week, Bill Moyers spoke with veteran organizers Heather Booth, director of Americans for Financial Reform, and George Goehl, executive