CNBC: Bonus Watch
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.
Category Archives: In the News
Financial Times: CFTC head blames OTC derivatives for crisis
The Financial Times recently published this article about the role of derivatives in the current economic crisis. The report focuses on Gary Gensler, Chairman of the Commodity Futures Trading Commission and his recent statement that over-the-counter derivatives “were at the heart and not a side
Boston Globe article on Dodd’s retirement, financial reform
The Boston Globe published this article about Senator Dodd’s retirement announcement and the way it will affect financial reform. The full article is available here, and the quote about Americans for Financial Reform is copied below. “The best way to protect consumers is to have
Huffington Post: Retirements and the Establishment
A recent article by Mike Lux of the Huffington Post mentioned AFR in connection with Senator Dodd’s retirement announcement and the upcoming Senate debate on financial reform. You can read the full article here; the excerpt referring to AFR is copied below. The movement against
The Hill: Financial overhaul efforts likely to get boost from Dodd’s retirement plans
A recent article in The Hill suggested that Senator Dodd’s retirement would have a positive affect on financial reform. AFR’s Heather Booth was mentioned in this article, which also included quotes from fellow consumer activists Travis Plunkett (Consumer Federation of America) and Ed Mierzwinski (US
Marketplace: How Dodd’s Retirement Affects Reform
This story about Senator Dodd’s retirement announcement was on Marketplace on January 6th. A quote from AFR featured on this segment is highlighted below. Heather BOOTH: We appreciate the leadership he’s provided and have never thought this was the time for politics. But the time
Politico: ‘Big is bad’ catches on in Congress
A recent Politico article about “the populist angst aimed at Wall Street banks” talked about the growing strength of the movement to label big banks and institutions as bad for the country as a whole. AFR’s Heather Booth was quoted in the article. You can
Stamford Plus: Connecticut and national leaders praise Dodd’s career
StamfordPlus.com, a Connecticut news source, published this article about local and national reactions to Senator Dodd’s retirement announcement and included a quote from AFR. You can read the full article here. Heather Booth, Executive Director, Americans for Financial Reform: “We greatly appreciate Sen. Dodd’s years
LA Times: Banks Take Revenge For New Consumer Rules
The LA Times ran this precient article about banks’ vengeful behavior against consumers in advance of credit card rules going into effect in February. Here is an excerpt: Happy new year. Now pay up. That’s the message from our friends in the banking industry, who
IMF Study Links Lobbying by US Banks to High-Risk Lending
A working paper from the IMF titled “A Fistful of Dollars: Lobbying and the Financial Crisis” (PDF) shows a connection between lobbying and high-risk lending. The Guardian UK discusses the article and its possible impact: Powerful American banks spending lavishly on lobbying are more likely