Americans for Financial Reform

AFR Press Statement: House Judiciary Committee hearing on the Regulatory Accountability Act and markup of the REINS Act

“Irresponsible deregulation of the financial industry – and the conduct it made possible – was a root cause of the financial crisis that has cost millions of jobs and trillions of dollars in home equity and retirement savings. The ‘Regulatory Accountability Act’ would further stack the deck towards Wall Street special interests, and make it impossible to put in place the common sense rules we need to demand transparency and accountability in financial markets, and prevent the financial industry from repeating the extraordinarily reckless practices for which most of us are paying so high a price.”

This Week in Wall Street Reform

Click here to view this week’s highlights and lowlights in Wall Street Reform – October 15, 2011 – October 20, 2011.

AFR Signs On in Support of Letter: Review WTO Rules

Read the letter that was sent to Ambassador Michael Punke in support of a review of WTO rules to ensure sufficient policy space for financial regulation here.

AFR Letter: Support Financial Transaction Tax

Read our letter supporting a financial transaction tax here, or below. —————————————————————————————– October 21, 2011 Representative Jeb Hensarling 129 Cannon House Office Building Washington DC 20515 Senator Patty Murray 448 Russell Senate Office Building Washington DC 20515 Re: Financial Speculation Tax Dear Senator

AFR Letter: Oppose Crapo Amendment 814

In a letter to Congress, AFR urges Senators to oppose the Crapo Amendment 814 to HR 2112, which would inhibit financial regulators ability to oversee the shadow markets in derivatives.

AFR Press Statement: CFTC Position Limit Rule

“Wall Street driven excessive speculation in commodities market has increased prices – and price volatility – for everyday commodities including oil and food. It is costing US consumers hundreds of billions of dollars, driving up costs and uncertainty for producers, holding back economic recovery, and causing increased hunger and privation in the poorest parts of the world.”