SEIU President Andy Stern is joining hundreds of progressives—maybe more—in a newly organized protest outside the Washington, D.C., offices of Goldman Sachs on Monday at noon. SEIU is part of a co-sponsoring coalition, Americans For Financial Reform, that also includes the AFL-CIO and the advocacy
Goldman Sachs CEO Lloyd Blankfein may have had his tongue in his cheek when he said his bankers were doing “God’s work,” but the company’s critics aren’t laughing. In fact, a couple hundred of them — led by Service Unions International Union president Andy Stern
According to the New York Times, “Robert Benmosche, chief executive of [AIG] since August, confirmed that he was “frustrated” about how long it was taking to devise an executive compensation plan that was “fair” but did not violate the restrictions the government has placed on
What exactly is going on with the economy? Stocks are up and big bonuses are back, but while they’re throwing parties on Wall Street, there’s pain on Main Street. One out of every six workers is unemployed or underemployed, according to government statistics – the
By NICOLE GAUDIANO • News Journal Washington Bureau • November 5, 2009 WASHINGTON — Rep. Mike Castle tried but failed Wednesday to put the brakes on consumer-friendly credit card reforms that most House members thought should be enforced sooner than originally planned.
WASHINGTON – Using taxpayer funds to keep out-of-work homeowners in their homes until they find another job is an option being looked at by some officials in the Obama administration, according to people familiar with government financial-rescue programs.
The New York Times ran this prescient editorial in yesterday’s paper. Here’s an excerpt: Another day, another test of Congress’s will to reform the financial system. The Investor Protection Act of 2009, which faces final votes on Wednesday in the House Financial Services Committee, would
Unions, Activists Unite on Reforms By Anna Palmer Roll Call Staff Nov. 4, 2009, 12 a.m. Watch out, banking lobbyists. Americans for Financial Reform believes it has your number.
By Jennifer Liberto. Excerpt: WASHINGTON (CNNMoney.com) — As Congress starts debating how to deal with financial firms deemed “too big too fail,” some lawmakers and advocates are worried about giving the executive branch expansive new powers over the financial sector. “Mr. Secretary, I’m not a
Oct. 30 (Bloomberg) — In Washington and on Main Street, politicians and voters are railing against Wall Street’s multi- million-dollar pay packages. In the financial world, most executives expect their bonuses to match or exceed last year’s, with 1 in 10 predicting their best-ever payout.