Wall Street has quickly rediscovered the virtues of mammoth paychecks. Why hasn’t there been more financial reform? By ALAN S. BLINDER I hear Gordon Gekko is making a comeback. So is greed. They say markets are alternately ruled by greed and fear. Well, our panic-stricken
The Hartford Courant published this op-ed in support of the CFPA. Here is an excerpt: Just over 100 years ago, Upton Sinclair‘s expose “The Jungle” shocked the American public with lurid details of Chicago’s unsanitary meat industry. Shortly thereafter the nation’s first food safety laws
AFR Applauds President’s Announcement Of Financial Crisis Responsibility Fee; Urges Additional Actions To Protect Consumers And Hold Wall St. Accountable Groups Also Urge Congress To Pass Financial Speculation Tax Washington, D.C. – Americans for Financial Reform (AFR) released the following statement today on the President’s
For Immediate Release: January 14, 2010 Washington, D.C.- Center for Economic and Policy Research Co- Director Dean Baker released the following statement on the Obama administration’s proposal to impose a fee on the financial institutions that received TARP funds. Today, the White House announced a
Julia Gordon of the Center for Responsible Lending testified on January 13, 2010 before the Financial Crisis Inquiry Commission. Download her testimony (PDF).
AFR friend Mary Bottari posted this response to the FCIC hearings at www.Banksterusa.org. The top bankers that were called to testify before the independent Financial Inquiry Crisis Commission in Washington today touched on the drama of the September 2008 financial crisis. They complained of nervous
Sign the petition! Recently, a financial industry lobbyist said because Sen. Christopher Dodd (D-Conn.) is retiring, he is now free to “dance with the special interests that brought him to the dance in the first place. Us, his loyal donors in the banking community.” In
AFR’s CORE MESSAGE SLOGAN: Hold the Big Banks Accountable Short Version Optional lead-in It’s outrageous that after taking trillions of our tax dollars in bailout money, the big banks are back to business as usual, taking billions in profits and bonuses and spending hundreds of
An event at the Center for American Progress In the aftermath of regulatory failures that led to an unprecedented global financial crisis, the rules of the road are being rewritten. The House of Representatives passed legislation late last year and the Senate Banking Committee is
Banks are bracing for outrage, not just from the public but from their employees as well. Dan Pedrotty of the AFL-CIO shares insight in this video.