“I would say that there is a history of dumping on the postal service, and Congress certainly hasn’t helped the situation over the years,” said Porter McConnell, campaign director of Take on Wall Street, co-founder of the Save the Post Office coalition. “That said, stepping into this history in Louis DeJoy, uniquely ill-suited to the moment.”
“There is no doubt [SEC Chair Gensler] wants to make it very clear that the sheriff is back in town,” says Andrew Park, senior policy analyst at Americans for Financial Reform, an investor advocacy group that earlier this year co-authored a letter to the House Financial Services Committee suggesting several SPAC reforms. At least one
Reappointing Mr. Powell “would be disappointing” for those who care about Mr. Biden’s agenda to address financial regulation, climate change and racial wealth gaps, said Erik Gerding, a senior fellow at Americans for Financial Reform, a nonprofit that argues for tougher financial regulation. “Having Jerome Powell continue would just mean one less vote for sustained and healthy regulation of the banking system.”
“As COVID-19 swept through New Jersey’s nursing homes, residents and workers got sick and died, families struggled to get basic information about their loved ones, and caregivers were rightly terrified that they would bring the virus back to their own families. What few realized is how a secret Wall Street takeover of much of the long-term care industry has amplified the health risks to those who live and work in nursing homes” according to AFR Senior Researcher Patrick Woodall and 1199SEIU Executive Vice President Milly Silva.
In February, a letter sent to the House Financial Services Committee by the progressive non-profit Americans for Financial Reform called on Congress to expand the blank-cheque company definition and amend securities law to exclude SPAC mergers from liability protections. “As long as there’s money to be made in every part of the SPAC issuance process, I don’t expect to see changes unless you start to see some more scrutiny,” says Andrew Park, senior policy analyst at AFR.