www.ourfinancialsecurity.org FOR IMMEDIATE RELEASE Contact: Lisa Donner, 202-588-7772 June 29, 2009 Statement from Americans for Financial Reform on the President’s plan to create a Consumer Financial Protection Agency “The Financial system has failed the American public. More than $13 trillion of household wealth has been
FOR IMMEDIATE RELEASE: CONTACT: Christy
Setzer 202-730-7349
Wednesday, June 24, 2009
Marcus Mrowka 202-730-7759
SEIU TO CITIGROUP: ENSURE RAISES GO TO WORKERS, NOT TOP EXECS
Washington, DC—Today, the Service Employees International Union
released a statement from Secretary-Treasurer Anna Burger, on news
that Citigroup is raising salaries by as much as 50 percent for
investment bankers and other top executives, to accommodate for
smaller annual bonuses. According to the New York Times, “Legal and
risk management employees, as well as those in the credit card and
consumer banking units, whose pay is typically skewed toward salary,
rather than bonuses, are expected to receive smaller increases.”
Said Burger: “Color us skeptical, but not surprised: The top dogs at
a company who took three taxpayer-funded bailout packages worth $45
billion, while wrecking the economy and keeping the bulk of its
employees at near-poverty levels, have decided to reward themselves
once more. Unfortunately, not all raises are created equal.
“Citigroup needs to commit to give any new raises to front-line bank
employees, who struggle just to make ends meet while dealing with the
rising costs of healthcare, not top executives who have contributed to
this mess.
“America’s big banks stand out as a startling example of an era of
corporate excess that needs to come to an end if we’re going to
rebuild an economy with strength that can last. By passing the
Employee Free Choice Act, we can begin to build an economy that
doesn’t just work for people in the top floor executive suites.”
# # #
With 2 million members in Canada, the United States and Puerto Rico,
SEIU is the fastest-growing union in the Americas. Focused on uniting
workers in healthcare, public services and property services, SEIU
members are winning better wages, healthcare and more secure jobs for
our communities, while uniting their strength with their counterparts
around the world to help ensure that workers—not just corporations and
CEOs—benefit from today’s global economy.
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Service Employees International Union (SEIU), 1800 Massachusetts
Avenue, NW, Washington, DC 20005 United States
June 10, 2009 Advance America , 320 Euclid Ave , Des Moines, IA 50313 LoanMax, 5803 Hickman Rd., Des Moines, IA 50322 EZ Money, 2740 Douglas Ave., Des Moines, IA 50310 Dear Payday Lenders: On Wednesday, June 10, 2009, members of Iowa Citizens for Community Improvement (CCI) gathered to discuss
Here’s what’s on deck today, June 23, in the financial reform Conference Committee. Today the conference committee is considering the “Volcker Rule” to ensure that banks do not make risky proprietary bets with taxpayer-backed deposit funds, or invest in risky private equity or hedge funds.
Americans for Financial Reform is committed to making sure that the financial sector is working for all Americans. We need to rebuild the economy on a strong, solid foundation so that the bankers on Wall Street don’t control what happens on your street. More information
SUBJECT: The Showdown Is On! It’s Main Street vs. Wall Street Dear x, The Showdown has begun! It’s Wall Street vs. Main Street – and we need YOU as we fight the big Wall Street banks to make sure the Senate stands with us! The
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**Note: The toll-free number will remain active until March 12, so keep calling!** Thanks for participating in National Senate Call-In Week, March 1-4, 2010. The following tools may be useful to your organization during this effort. Click here for answers to Frequently Asked Questions about
Click here to download letter to Senate in response to Chamber of Commerce Dear Members of Congress: Today, a US Chamber of Commerce delegation will descend on Capitol Hill to tell you why you should oppose the proposed Consumer Financial Protection Agency (CFPA). They will
AFR’s Message Memo One-pager on the CFPA One-pager on Derivatives