In an editorial titled “Opposite of Bold,” the New York Times endorsed the Obama Administration’s proposal to levy a Financial Transaction Tax on banks: Mr. Obama also must … embrace ways to pay for initiatives, such as redeploying money from the bank bailout or endorsing
Survey finds small business owners support financial reforms, consumer protection agency ** Report posted online at www.mainstreetalliance.org/publications ** Washington, DC – Today, the Main Street Alliance released a new report highlighting impacts of the financial crisis on small businesses and a snapshot of Main Street
FOR IMMEDIATE RELEASE DATE: January 27, 2010 Financial Reform Needed To Set the Country on the Road to Recovery Latest NBC/WSJ Poll says Americans want stronger regulations to rein in Big Banks: “Nearly three-quarters say that not enough has been done to regulate Wall Street
The New York Times points out the discrepancy between what banks pay in salary vs. what they produce for their shareholders in this article. Here are excerpts (emphasis ours): Finding the winners on Wall Street is usually as simple as looking at pay. Rarely are
NPA affiliate Iowa Citizens for Community Improvement held a “Showdown in Des Moines” on Tuesday: Wells Fargo just announced record-breaking profits, we expect another big bonus year while the rest of us face cuts. Hundreds of members of Iowa Citizens for Community Improvement (CCI) went
Financial advisor Suze Orman spoke with CNN reporter Campbell Brown yesterday about stimulus money, mortgage relief, and the problems caused by the big banks. When asked about mortgages and the troubles faced by homeowners, Orman said “I have to tell you, while it’s easy for
The New York Times published this editorial supporting President Obama’s proposal to break up the big banks. Here is an excerpt: In calling for new limits on the size and activities of big banks, President Obama has given the effort to enact serious financial regulatory
FOR IMMEDIATE RELEASE DATE: January 22, 2010 In Focus: Hearing Highlights Bonus Bonanza Frank Zeros In On Out-of-Control Bonuses Washington, DC – Americans for Financial Reform released the following statement about the House Financial Services Committee’s hearing on executive compensation today. Maureen Thompson, Executive Director,
Washington, DC – Americans for Financial Reform released the following statement about President Obama’s proposal to limit the size and investments of big banks. Heather Booth, Executive Director, Americans for Financial Reform: “Today the President has signaled the beginning of the end of “too big