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Iowa has a message for big banks

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

Suze Orman: The Banks Don’t Want to Deal

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

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NYT: Restarting Financial Reform

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

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In Focus: Hearing Highlights Bonus Bonanza

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,

Take Action: Put the Banks on Notice

Wall Street banks threw our economy into crisis. Bailing them out cost taxpayers hundreds of billions of dollars. It’s time to say enough, and send the banks a final notice. Since banks won’t rein themselves in, the government is going to have to do it.