This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – November 5, 2011 – November 10, 2011.
News Category: Press Releases & Statements
AFR Letter: Hold Wall Street Accountable – Reject S. 1720
AFR sent a letter to the Senate opposing S. 1720, which would give big business veto power over any effective regulation.
AFR Signs on to Letter: Fully Fund the CFTC
AFR signed onto a letter with other business, consumer, and labor groups supporting full funding for the CFTC.
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – October 29, 2011 – November 4, 2011.
AFR in the News: MF Global provides first test for Dodd-Frank
MF Global provides first test for Dodd-Frank – Ira Teinowitz (The Deal)
“Marcus Stanley, policy director of Americans for Financial Reform, a coalition of consumer and labor groups, called the bankruptcy a warning to regulators that the Volcker Rule should be implemented strictly. ‘MF Global’s failure — like the recent proprietary losses by Goldman Sachs — underlines the risks of speculative proprietary bets,” he said. ‘A tough Volcker Rule will restrict this kind of speculation to institutions that are ‘small enough to fail’ and prevent the giant investment banks central to the economy from taking these kinds of risks.’”
AFR in the News: The Tax Plan That Occupy Wall Street Loves
The Tax Plan That Occupy Wall Street Loves – Yuval Rosenberg (The Fiscal Times)
“In a letter to Sen. Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R-Texas), the co-chairs of the congressional ‘super committee’ tasked with finding $1.2 trillion in deficit reduction measures by November 23, a group called Americans for Financial Reform, which is a coalition of more than 250 economic, union, and activist groups, explained why it’s backing the tax: ‘The deficit problem that the Select Committee must address was to a significant degree created by the world financial crisis, a crisis caused by Wall Street speculation.'”