AFR in the News: AFR Policy Director Marcus Stanley Discusses the Benefits of Regulation for Consumers on CNBC
AFR’s Policy Director, Dr. Marcus Stanley, appeared on CNBC to discuss the benefits of regulation for consumers on CNBC.
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AFR Policy Director, Dr. Marcus Stanley, Discusses JPMorgan Trading Mistake on FOX 5 News WTTG
Dr. Marcus Stanley, Policy Director of AFR, discusses JPMorgan Chase’s $2 billion trading mistake on Fox 5 News.
AFR in the News: Time Short for Goldman, Morgan Stanley to Exit Billions in Funds (Bloomberg)
“The banks have had plenty of warning, and they’ve had a good market to sell their holdings, said Marcus Stanley, policy director for Americans for Financial Reform. They ‘want to hit the snooze button again over and over with the Fed,’ Stanley said… ‘The regulators have to be prepared to say, Time’s up.’ ”
Event: Regulating Megabanks: A Conference in Honor of Arthur Wilmarth
On May 24th, AFR Policy Director Marcus Stanley participated in a virtual conference organized by the University of Colorado Law School.
In The News: Wall Street Insider Turned Tough Market Cop: Biden’s Pick To Head SEC (NPR)
If he’s confirmed to run the SEC, there will be a lot that needs fixing, says Marcus Stanley, who worked with Gensler as a Senate staffer after the financial crisis. Stanley is now the policy director of Americans for Financial Reform. “It’s an absolutely critical regulator,” says Stanley, about the SEC. But, he says, “the SEC as an organization needs some change.” He says perhaps more than any other regulator, the SEC “continued with its pre-2008 record of deregulation, even after the financial crisis.”
In The News: Kelly Loeffler, a Wall Street Senator With a Hardscrabble Pitch (The New York Times)
“The conflict of interest is just so completely glaring,” said Marcus Stanley, the policy director of Americans for Financial Reform, a nonpartisan Wall Street watchdog. “Almost all of ICE’s important activities are regulated in very fine detail by the C.F.T.C.”
In The News: How the COVID-19 Bailout Gave Wall Street a No-Lose Casino (Rolling Stone)
In place of a heartless free market of panicked investors who might want to cut their losses and sell, the plan is to simulate real buying and selling of financial products like mortgages and bonds with directed deployments of the Fed’s endless trillions. And they will be endless … Marcus Stanley of Americans for Financial Reform said, “The Fed’s perspective on this is, they want to create normalcy.” But what does “normal” mean in an economy that may be changed forever?
In The News: Who’s getting these hundreds of billions in government aid? For now, the public may be in the dark. (The Washington Post)
Critics also noted that while the central bank has to share some basic information about the loans, other details, such as how many employees the company has retained or the compensation for its chief executive, might never be shared publicly. “We should ask for the actual deal documents. Why wouldn’t you make those public?” said Marcus Stanley, policy director at Americans for Financial Reform.
In The News: Financial System Faces Biggest Test Since 2008 as Coronavirus Spreads (The New York Times)
“We are in a much more fragile situation than we should be because the regulators haven’t been on the job,” said Marcus Stanley, policy director for Americans for Financial Reform. “This is a real economic crisis we’re facing.”
In The News: ‘Super Swampy’: Kelly Loeffler Faces Tricky Ethical Dilemma as Senator (Atlanta Journal-Constitution)
Marcus Stanley, policy director of Americans for Financial Reform, which lobbies for stricter market regulation, put it more simply. Loeffler’s situation, he said, is “super-swampy.”