The Benefits of a Financial Transactions Tax A financial transaction tax is a tax placed on a specific type of financial transaction for a specific purpose. From the Center for Economic and Policy Research (CEPR): The recent economic turmoil has generated renewed interest in a
Last night in his State of the Union address, President Obama reinforced his ambitious agenda to fix the economy and enact financial reform, including measures to hold Big Banks accountable for their reckless actions that led to our financial crisis and the loss of millions
The Los Angeles Times recently ran this piece about President Obama’s new financial reform proposals, focusing on those which tackle high-risk securities trading and investments in private equity funds and hedge funds. “The staging of the proposal’s unveiling — presented at the White House by
Politico.com recently posted an article about President Obama’s new proposals to rein in Wall Street, and mentioned the efforts of Americans for Financial Reform, especially in generating petitions and letters to Congress. “But those who like the new populist turn in Obama’s style were quick
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