According to the New York Times, “Robert Benmosche, chief executive of [AIG] since August, confirmed that he was “frustrated” about how long it was taking to devise an executive compensation plan that was “fair” but did not violate the restrictions the government has placed on companies that are receiving taxpayer assistance.” Read the full article
House Financial Services Committee 2129 Rayburn House Office Building Washington, D.C. 20515 November 17, 2009 Dear Chairman Frank, Ranking Member Bachus, and Members of the Committee, As members of Americans for Financial Reform, a coalition of nearly 200 consumer, employee, investor, community and civil rights groups, we write you today to convey the coalition’s strong
National People’s Action and Service Employees International Union (SEIU) organized hundreds of taxpayers to converge on the Washington headquarters of Goldman Sachs on November 16 to demand an end to multi-billion dollar bonuses and the Too Big To Fail Doctrine and call for immediate Congressional action on real financial reform. Watch the slideshow above! This
Americans for Financial Reform and our partners sent these letters (House, Senate, both links are PDFs) to Congress stating our strong support for overdraft reform. New bills introduced in the House and Senate take dramatic steps to protect consumers from sneaky overdraft loans. You can read more on Americans for Fairness in Lending’s blog. Here’s
What exactly is going on with the economy? Stocks are up and big bonuses are back, but while they’re throwing parties on Wall Street, there’s pain on Main Street. One out of every six workers is unemployed or underemployed, according to government statistics – the highest figure since the Great Depression. This week NOW gets
DATE: November 10, 2009 Heather Booth, Director, Americans for Financial Reform: “Americans for Financial Reform (AFR), and our over 200 coalition partners, thank Senator Cantwell for introducing legislation today to close the derivatives loophole. Senator Cantwell calls the derivatives “a sophisticated form of gambling,” with justification. As a result she proposes legislation that will allow