Testimony of Julia Gordon before the Financial Crisis Inquiry Commission
Julia Gordon of the Center for Responsible Lending testified on January 13, 2010 before the Financial Crisis Inquiry Commission. Download her testimony (PDF).
Government Category: Advocacy Documents
CNBC: Bonus Watch
Banks are bracing for outrage, not just from the public but from their employees as well. Dan Pedrotty of the AFL-CIO shares insight in this video.
AFR Urges Strong Credit Rating Agency Provisions in Financial Reform Legislation
Americans for Financial Reform sent the following letter to Chairman Dodd, Ranking Member Shelby, and other members of the Senate Banking Committee. Dear Chairman Dodd and Ranking Member Shelby: On behalf of the Americans for Financial Reform, a coalition of nearly 200 national, state and local consumer, labor, retiree, investor, community and civil rights organizations,
What Caused the Crisis at AIG?
US Taxpayers spent $180 billion to bail out AIG – and bought an 80% stake in the company in the process. Sign the open letter to AIG here! As taxpayers and majority shareholders in AIG, we ask that you immediately release all emails, internal accounting documents and financial models generated by the company over the
Wall Street bonuses could fund an economic recovery for millions of Americans
Despite unleashing havoc on the global economy, Wall Street is on track to pay out an all-time record in bonuses and compensation this year. The nation’s six largest banks alone – Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Morgan Stanley – are on pace to give their bankers a staggering $150
CEOs Who Steered Economy Off a Cliff Received $28.9 Million Average Annual Salary, New Public Citizen Report Shows
For Immediate Release: Contact: Taylor Lincoln (202) 454-5197 Angela Bradbery (202) 588-7741 Public Citizen Calls for Reforms; More Than 20 Protests to Be Held Around Country WASHINGTON, D.C. – The CEOs of 10 Wall Street firms that either failed or received taxpayer bailouts were paid an average of $28.9 million per year in the years