Category Archives: Statements and Press Releases

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AFR Statement on the Derivatives and Overall Banking Legislation

For Immediate Release April 19, 2010 AFR Statement on the Derivatives and Overall Banking Legislation Heather Booth, Director, Americans for Financial Reform: “A year-and-a-half since the reckless behavior of the Big Banks took our economy to the edge of the abyss and cost 8 million

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AFR Response to the S.E.C. Charging Goldman Sachs with Fraud

For Immediate Release April 16, 2010 Washington, DC – Americans for Financial Reform issued the following statement regarding the S.E.C. suit accusing Goldman Sachs of fraud on mortgage deals. Heather Booth, Director, Americans for Financial Reform: “The SEC investigation into Goldman Sachs is a major event

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AFR: No More Taxpayer Bailouts

FOR IMMEDIATE RELEASE Washington, DC – Today, Tax Day, as Americans are all too aware of where their tax dollars are going, Americans for Financial Reform agrees that taxpayers should never again be on the hook for the mistakes made by the largest financial institutions. The misstatements about the

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Americans for Financial Reform Hit the Streets

FOR IMMEDIATE RELEASE Advocates take advantage of Congressional recess to push for financial reform Washington, DC – Over this Congressional recess, Americans for Financial Reform, made up of more than 250 national, state and local consumer, labor, investor, civil rights, community, small business and senior citizen organizations

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Fact Check: Big Banks Must Pay Up

FOR IMMEDIATE RELEASE The so-called $50 billion “bailout slush fund” would force big banks to pay not taxpayers Washington, DC – Americans for Financial Reform denounces the misstatements by opponents of reform – including Senators Shelby and DeMint – that have been spreading surrounding a measure in the Senate financial

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AFR Calls For Increased Resources To Tackle Financial Crimes

For Immediate Release March 31, 2010 Washington, DC – Americans for Financial Reform, a coalition of over 200 groups, called upon Congress to support the “Financial Crisis of 2008 Criminal Investigation and Prosecution Act of 2009” authored by Congresswoman Marcy Kaptur (D-OH). The bill is

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AFR: U.S. Chamber of Commerce Lies Won’t Stop Reform

FOR IMMEDIATE RELEASE DATE: March 26, 2010 Consumer Protection: Just the Facts, Ma’am The U.S. Chamber of Commerce Lies Won’t Stop Reform Washington, DC – The U.S. Chamber of Commerce claims it stands up for the interests of small business, but a closer look at

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Senate Banking Committee Passes Financial Reform Bill

AFR Statement on Committee Passage Of Financial Reform Bill Washington, DC – Americans for Financial Reform, a coalition of over 200 groups, released the following statement today on Chairman Dodd’s financial reform legislation: Heather Booth, Executive Director, Americans for Financial Reform: “We applaud Chairman Dodd

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American Bankers Association – How Wrong Can They Be?

For Immediate Release March 17, 2010 ABA’s Account: The subprime mortgage market collapse does “not warrant a fundamental overhaul of the basic regulatory structure. Banking regulators… have since responded in a coordinated and measured way to preserve both confidence and liquidity in the banking system.”