Americans for Financial Reform

News Category: Press Releases & Statements

Public Citizen on Wall Street Compensation

Feb. 23, 2011 Contact: Bart Naylor (202) 454-5186 Despite State Budget Problems, Weak Economy, Wall Street Execs Reward Themselves Handsomely Statement of Bartlett Naylor, Financial Policy Advocate, Public Citizens Congress Watch Division: The Wall Street titans who crashed the economy are largely responsible for today’s state budget problems. Today, the New York Comptrollers office released

2011 Executive Compensation on Wall Street: Taking Stock

2011 Executive Compensation on Wall Street: Taking Stock Wall Street’s abusive, reckless, and sometimes criminal behavior caused the worst financial crisis and economic downturn since the Great Depression. 3 years later, Americans have lost trillions in wealth, retirement savings and home equity, and more than 13 million people are still out of work[1]. But executive

AFR’s Comment Letter to the SEC/CFTC: Tighten Definitions To Prevent Loopholes For Big Banks

February 22nd, 2011 Mr. David A. Stawick, Secretary Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street, N.W. Washington DC 20581 Ms. Elizabeth M. Murphy, Secretary Securities and Exchange Commission 100 F Street, N.E. Washington, DC 20549-1090 Re: SEC File No. S7–39–10; Definition of ‘‘Swap Dealer,’’ ‘‘Security-Based Swap Dealer,’’ ‘‘Major Swap Participant,’’ ‘‘Major Security-Based

CFA and AFR’s Joint Comment Letter to the CFTC on Business Conduct Standards

PDF version available here February 22, 2011 David A. Stawick Secretary of the Commission Commodity Futures Trading Commission Three Lafayette Centre 1155 21st St., N.W. Washington, D.C. 20581 Re: RIN number 3038—AD25   Dear Secretary Stawick: We are writing on behalf of the Consumer Federation of America (CFA)[1] and Americans for Financial Reform (AFR)[2] in

AFR’s Comment Letter to CFTC on End-User Exemption to Mandatory Clearing of Swaps

Read the PDF version here February 22nd, 2011 David A. Stawick, Secretary Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street, NW Washington, DC  20581 Re: RIN 3038–AD10 – End-User Exception to Mandatory Clearing of Swaps Dear Mr. Stawick: On behalf of Americans for Financial Reform, thank you for the opportunity to comment on

AFR Comment on Swap Data Repositories

February 22nd, 2011 Mr. David A. Stawick, Secretary Commodity Futures Trading Commission Three Lafayette Center 1155 21st Street, N.W. Washington DC 20581 Re: CFTC RIN 3038–AC20; Swap Data Repositories PDF Version Available here Dear Mr. Stawick: On behalf of Americans for Financial Reform, thank you for the opportunity to comment on the proposed rule setting