Under current law, there is no single body designated to look at the “big picture,” and head off financial crises like the crash of 2008 and major non-bank players in the financial market operated in the shadows without any government oversight. Here’s how the Wall
Credit-ratings agencies had been held up historically as neutral arbiters of risk. That turned out to be far from the truth, as evidenced by the numerous mortgage-backed securities and other risky securities that states and municipalities in particular bought because they had been slapped with
Selling over-the-counter derivatives is among the most lucrative businesses for the largest financial companies. U.S. commercial banks held derivatives with a notional value of $216.5 trillion at the end of the first quarter of this year, according to the Office of the Comptroller of the Currency.
MEDIA ADVISORY June 30, 2010 PLEASE CONTACT: Amy Logsdon, Iowa Citizen Action Network, 319-321-7056 Media Conference Call, Wednesday, June 30, 11:00 am CST Iowa Residents and Activists Call on Senator Charles Grassley to Vote for Wall Street Reform Iowa – Senator Charles Grassley remains uncommitted
WALL STREET REFORM POLLING MEMO See below a new polling memo from Benenson Strategy Group on the strong support for Wall Street Reform. TO: Interested Parties FROM: Joel Benenson RE: American Support for Wall Street Reform DATE: June 28, 2010 Americans show strong support for
FOR IMMEDIATE RELEASE DATE: June 29, 2010 AFR Debunks Latest Republican Talking Point Bill Would Make Banks Pay to Clean Up Their Messes Washington, DC – As Congress stands ready to enact important reforms to hold Wall Street accountable for the financial crisis and restore
June 27, 2010 United States House of Representatives Re: Support for Passage of the Dodd/Frank Reform Compromise Dear Representatives: Americans for Financial Reform applauds Congress, especially Chairman Dodd and Chairman Frank, for moving forward with such significant legislation reforming Wall Street and holding the big
Compiled below is the text of the financial reform bill from THOMAS as of the morning of June 29, 2010. HR 4173 – Title I (Financial Stability) HR 4173 – Title II (ORDERLY LIQUIDATION AUTHORITY) HR 4173 – Title III (TRANSFER OF POWERS TO THE
June 27, 2010 United States House of Representatives Re: Support for Passage of the Dodd/Frank Reform Compromise Dear Representatives: Americans for Financial Reform applauds Congress, especially Chairman Dodd and Chairman Frank, for moving forward with such significant legislation reforming Wall Street and holding the big
The Wall Street reform legislation is a victory for the American people and a defeat for those who defended the status quo. The bill was signed into law by President Obama on July 21, 2010. Read our posts about the bill. Here’s What the New