AFR sent the following letter to Chairman Dodd and other members of the Senate Banking Committee on February 19, 2010: The Honorable Christopher Dodd Chairman Committee on Banking, Housing and Urban Affairs U.S. Senate Washington, D.C. 20510 Dear Chairman Dodd: The undersigned consumer, civil rights, labor and community organizations would like to thank you for your strong efforts
Americans for Financial Reform sent the following letter to members of the Senate Banking Committee, urging them to create real protections for investors: February 16, 2010 Dear Chairman Dodd, Ranking Member Shelby and members of the Committee: As you know, legislative language is currently being circulated that would replace the pro-investor provisions of Section 913
Wall Street CEOs legalized gambling through something called ‘derivatives,’ making bets on bets on bets. But when their luck ran out, it was our money they lost – our homes, our investments. Watch the ad below from AFR partners Americans United for Change and American Family Voices. And click here to write to your elected
Mary Bottari of BanksterUSA.org dissects Goldman Sachs’ actions in this column on the Huffington Post. Here is an excerpt: It’s really unbelievable. The way that Goldman Sachs keeps sticking its foot in it is simply unbelievable. Let’s not review their unbelievable bonus pool or their many failed PR schemes to gloss over unseemly profits (a
Recently, AFR partners at the Council of Institutional Investors and Investors Working Group sent these letters regarding derivative reform to the Senate. The letters focus on the failures of the current regulators and the need for comprehensive reform legislation. Click here for the letter from Council of Institutional Investors, 2/4/2010. Click here for the letter
More than 50 charities are supporting a British campaign to levy a tax on transactions between financial institutions, which can be used to help fight poverty, protect public services and tackle climate change. The 0.05% “Robin Hood” tax on financial trades could raise $700bn for world’s poor. Below, watch a witty video explaining the campaign.