An Unfinished Mission: Making Wall Street Work for All of Us

“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.

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House-Passed Bill Would Roll Back Derivatives Reform

The House vote to approve this legislation, largely written by Citibank lobbyists, reminds us that Wall Street is still doing everything in its power to protect the status quo that caused the financial crisis… The good news is that 122 House members voted No this time. What started out as a backroom deal between bank lobbyists and legislators wound up being an uncomfortable vote for the dealmakers. That makes it much less likely that the Senate will act, and more likely that the swaps push out provision will finally be implemented.

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AFR Policy Director Marcus Stanley Argues for Smaller, Simpler Finance at Industry Event

AFR Policy Director Marcus Stanley participates in debate on ‘Smaller, Simpler Banks’ with Rodgin Cohen (Chair of Sullivan and Cromwell), John Dugan (former Comptroller of the Currency), and Randall Kroszner (University of Chicago; former Governor on the Federal Reserve Board). The debate was sponsored by the International Institute of Finance. As the only public interest representative at the debate, Dr. Stanley defending the need for simplifying and shrinking big banks.