Professor Elizabeth Warren submitted this Opinion piece to the Wall Street Journal yesterday. As the Chair of the TARP Congressional Oversight Panel, Professor Warren has been vocal about the need for increased consumer protections and has been a staunch supporter of the creation of a Consumer Financial Protection Agency. In this piece, she talks about
The Main Street Brigade is a rapid response team, nationwide, that can be activated to protect our communities against just this kind of devastation. Right now, we are ALL vulnerable to the big banks, CEOs and Wall Street institutions whose irresponsibility and risky behavior caused this economic crisis. Our vulnerability is being increased by the
To get our economy back on track, we must regulate the financial instruments known as “derivatives.” Derivatives are traded on Wall Street in secretive “shadow markets.” These markets need to be brought into the light to secure financial safety for regular investors – folks depending upon their 401ks and college savings. (For a basic definition
FOR IMMEDIATE RELEASE DATE: February 5, 2010 AFR: Dodd Makes Right Call To Move Forward Dodd’s Leadership Means Accountability for Wall St is Within Reach Washington, DC – Americans for Financial Reform released the following statement regarding Senate Banking Chairman Chris Dodd’s decision to move forward on financial reform. Heather Booth, Executive Director, Americans for
Business for Shared Prosperity, an AFR affiliate, has been getting attention with their message of support for financial reform. The coalition, made up of business owners from around the country, recently put out this press release (PDF) asking the Senate to approve the Consumer Financial Protection Agency. Their message has been picked up by the
Re: Support of the Financial Crisis Responsibility Fee January 25, 2010 Dear President Obama, We, the undersigned organizations, are writing to thank you for your leadership on financial services reform and applaud your proposal for a Financial Crisis Responsibility Fee to recoup TARP bailout funds. Your tax on the covered liabilities of financial institutions with