$1.4 MILLION…The amount that the finance industry is spending every day to influence Congress. $600 MILLION…The amount that the six big banks and their trade associations have spent on lobbying, trade association activity, and political contributions since the first major federal bailout of Bear Sterns in March
Washington, DC – Americans for Financial Reform praises the Senate for passing Sen. Al Franken’s amendment to reduce conflict of interest for credit rating agencies. Heather Booth, Director, Americans for Financial Reform: “We are pleased the Senate took action on ensuring all the information provided
United States Senate Washington, DC 20510 May 7, 2010 Re: Oppose Chambliss Amendment #3816 to Senate bill 3217 which attempts to weaken proposed derivatives regulations Dear Senator: The over 250 consumer, employee, investor, community and civil rights groups who are members of Americans for Financial
United States Senate Washington, DC 20510 Dear Senator, We write on behalf of the over 250 member organizations of Americans for Financial Reform to urge a yes vote on the Reed-Johnson-Brown amendment offered to Restoring American Financial Stability Act of 2010 (S. 3217). As you
For immediate release Contact: Simone Allen (404) 692-5102 May, 11, 2010 Wall Street Dupes Big Business Into Fighting Against Reform End User Coalition Calls on Procter & Gamble, Caterpillar, Apple and Others to Leave Sham Coalition As the U.S. Senate debates measures to hold Wall
May 11, 2010 Re: Oppose Brown-Hagan 3807 & Brown-Gregg 3872 / Co-Sponsor Merkley-Levin Dear Senator: The over 250 consumer, employee, investor, community, small business and civil rights groups who are members of Americans for Financial Reform (AFR) write to express our opposition to attempts to
Protect Investors from Wall Street Abuses: Make Brokers and Swaps Dealers Act in Their Customers’ Best Interests Click here for a pdf version of this letter. The recent hearing in the Permanent Subcommittee on Investigations on Goldman Sachs has awakened many people to the extent
Our partners at CMOC (Commodity Markets Oversight Coalition) wrote this letter detailing loopholes that the big banks are trying to slip into the bill under the guise of a fake “derivatives end user” coalition, and clarifies that authentic users of derivatives to hedge have all
As the U.S. Senate debates measures to hold Wall Street accountable for the financial crisis, Commodities Market Oversight Committee (CMOC) supported a letter that hedge-fund manager Michael Masters has written to some of the nation’s biggest businesses asking them explain why they are siding with
Oppose Chambliss Amendment #3816 to Senate bill 3217 which attempts to weaken proposed derivatives regulations Dear Senator: The over 250 consumer, employee, investor, community and civil rights groups who are members of Americans for Financial Reform (AFR) write to express strong opposition to Amendment No.