BACKGROUND MATERIALS The Need for a Tax of Financial Trading (NY Times Editorial Board, Jan. 2016) The Incidence of Financial Transaction Taxes (Center for Economic and Policy Research, Dec. 2015) FAQs on Financial Transaction Tax (IPS, Jan. 2015) FTT Talking Points (AFR, April 2014) Statements of Support (CEPR,
Leaving Consumers High and Dry Christine Hines and Jim Lardner, US News, 4/21/15 Paying Off for Consumers: How the CFPB is Getting the Job Done Rebecca Thiess, 7/24/14 The Outrageous Campaign Against Operation Choke Point Jim Lardner, 7/2/14 Hold For-Profit Colleges Accountable With Gainful Employment
Warren urges Congress to Tackle ‘Too-Big-to-Fail’ by Curbing Bank Activities (Emmanuel Olaoye, Reuters, 11/13/13) “Three years after Congress passed the Dodd-Frank Act, the country’s biggest banks are bigger than ever, while the risk to the financial system has grown out of proportion, Senator Elizabeth Warren
Commercial banks – the traditional focus of financial regulation – no longer stand at the center of the financial system. Broker-dealers, money market funds, asset managers, and insurance companies have become key actors, with the potential to shake the stability of the whole economy. Join prominent experts, reform advocates, and regulators for a discussion of the “shadow banking” system of market-mediated credit and the steps needed to integrate it into a safer and more sustainable financial system.
View or download report In her keynote speech at a Capitol Hill launch event for this AFR/Roosevelt Institute report, Senator Elizabeth Warren decried the failure of regulators and legislators to deal with the Too Big to Fail Problem. “We should not accept a financial system
The House of Representatives recently voted to roll back a provision of the Dodd-Frank Act that, as reporter Ailsa Chang explained on All Things Considered (NPR, 11/11/13), “prevents banks from using your deposits to trade in derivatives — risky securities that many believe contributed to
“We should not accept a financial system that allows the biggest banks to emerge from a crisis in record-setting shape while working Americans continue to struggle.” – Senator Elizabeth Warren speaking at the launch event for a new AFR/Roosevelt Institute report on the state of financial reform.
The safety of the food we eat, the air we breathe, the cars we drive — Congress enacted landmark laws to tackle these threats to the public. Yet today, many of the rules required to execute these laws have been delayed and/or weakened under
After the 2008 crisis, it became clear that regulators and many sophisticated market participants had been kept in the dark about major risks and exposures in our financial system. On October 11, 2013, AFR and Georgetown Law Center co-hosted this half-day conference on the progress made – and the work that remains to be done – toward meaningful transparency on Wall Street.
Much to Do to Prevent Another Lehman Brothers Boston Globe, 9/16/13 Forced Arbitration is a Corporate Get-out-of-jail-free Card USNews.com, 9/6/13 A Really Small Wall Street Tax Could Make a Really Big Difference US News.com, 8/21/13 Choke Off Predatory Lending at the Bank Bottleneck US