Everyone (except Wall Street bankers) seems to be outraged about Wall Street banks, which made billions by trading complex confections of dicey mortgages and then passed us the tab when the investments went belly up. But what about the agencies that bestowed triple-A ratings on many of the noxious financial products? Moody’s, Standard & Poor’s
April 30, 2010 United States Senate Washington, DC 20510 Dear Senator: Americans for Financial Reform is a coalition of more than 250 consumer, employee, investor, community, labor and civil rights groups. Consumer Federation of America is a non-profit association of more than 280 groups that, since 1968, has sought to advance the consumer interest through
April 29, 2010 The Honorable Bill Nelson U.S. Senate Washington, D.C. 20510 Dear Senator Nelson: We are writing on behalf of the undersigned organizations to express our strong support for your amendment to strengthen the credit rating agency reform provisions of S. 3217. Your amendment would fix a key problem that contributed to the severity
To: Interested Parties From: Americans for Financial Reform Re: GOP Alternative to S. 3217 Date: April 28, 2010 For nearly a year, both parties in Congress have been debating the direction of financial reform. Ever since the bill moved to the final stages of Senate deliberations, however, opponents of reform have had a hard time
U.S Senator Robert Menendez 528 Senate Hart Office Building Washington, DC 20515 April 23, 2010 Dear Senator Menendez, The over 200 consumer, employee, investor, community and civil rights groups who are members of Americans for Financial Reform (AFR) write to express our strong support for your amendment to increase the transparency of the U.S. financial
April 23, 2010 Dear Senator Reid: As members of Americans for Financial Reform, a coalition of more than 250 consumer, labor, investor, community, civil rights and business groups, we write to you today to convey our support for strong financial reform legislation that will prevent another financial crisis, end the casino economy, and hold big