McClatchey News Service is distributing this op-ed by AFR’s ally Holly Sklar of Business for Shared Prosperity. Here is an excerpt, courtesy of the Lexington Herald-Leader: The Scrooges of Wall Street were surprised a year ago by visits from the Ghosts of Christmas Past, Present and Future. The Ghost of Christmas Past took them back
The New Republic published this article detailing how Members of Congress have shifted their thinking on derivatives – and for once, the shift benefits Main Street rather than Wall Street. The article cites pressure from Americans for Financial Reform as one of the reasons for this positive change. But, it also cautions that the fight
By Michaelangelo Conte/The Jersey Journal November 06, 2009, 4:00PM Members of New Jersey Citizen Action picketed in Jersey City outside the Exchange Place offices of AIG today protesting bonuses already paid and those promised to workers at the company that was central to the financial industry meltdown. “We urge AIG to stop paying bonuses and
Banks Fall Short on Mortgage Help Govt. Report Shows 15 Percent of Eligible Borrowers Offered Help; Bank of America, Wells Fargo Lag Behind Other Big Banks By MATTHEW JAFFE and ALICE GOMSTYNAugust 4, 2009 Fewer than one in five homeowners eligible for the Obama administration’s loan modification program… (/ABC News/AP Photo) The Treasury Department today