“Marcus Stanley, policy director of the public advocacy group Americans for Financial Reform, said that the shift toward taking a long view with executive compensation is anecdotal at best… ‘From our perspective there hasn’t really been a fundamental change,’ Stanley said. ‘What we would want to see is something that moves closer to the old partnership model, where you stay genuinely at risk for a long period of time and where you’re just as sensitive to the downside… as the short-term upside incentives.'”
Marcus Stanley, policy director of Americans for Financial Reform, analyzes the role of Wall Street reform in the 2016 presidential contest. He also discusses President Obama’s remarks about the regulatory reforms adopted since the 2008 financial crisis.
“‘The credit-rating agencies got away so easy, given what they did,’ said Marcus Stanley, policy director at Americans for Financial Reform, a nonpartisan coalition in favor of stronger Wall Street regulation. ‘The happy days are here again. There’s not really been an interruption of the profit flow.'”
“‘This is one more reminder that it is crucial that people who lead these agencies are people strongly committed to reform and who will be as aggressive as they need to be despite pressure from the other side to slow down or weaken rules,’ said [AFR executive director Lisa] Donner.”
“In a stroke of brilliant financial maneuvering Lone Star bundled some of the mortgages into bonds and sold them to investors, immediately booking large profits… ‘Lone Star has bought these loans at a discount from the government–-in effect, they got principal reduction. But they are not passing this benefit on to homeowners or communities,’ says Lisa Donner, executive director of Americans for Financial Reform.
“Banking specialists who favor more stringent Wall Street rules expressed some concerns… ‘A derivatives exposure that looks small in normal times can become enormous in times of financial stress,” said Marcus Stanley, policy director at Americans for Financial Reform. “This rule may not contain adequate protections against that kind of risk.’”
