The Wall Street bankers who drove our economy off a cliff are lobbying as hard as ever against financial reform. The fight now moves to the Senate where Senate Banking Chairman Chris Dodd is in charge. Bank lobbyists think that Dodd will “dance with the
Statement by AFL-CIO President Richard Trumka on Record Wall Street Bonuses January 19, 2010 “Hard-working Americans will not be ATMs for Wall Street” Just a year ago, Wall Street banks pleaded for taxpayers to bail them out to save us all from financial disaster. We
FOR IMMEDIATE RELEASE CONTACT: Doug Gordon DATE: Friday, January 15, 2010 AFR Urges Chairman Dodd Not To Dump Cornerstone of Reform: Consumer Financial Protection Agency If Big Banks Win, Consumers Will Lose Washington, D.C. – Americans for Financial Reform released the following statement today following
JOINT STATEMENT OF SHARED PRINCIPLES FOR NEEDED REFORMS IN THE FUTURES/DERIVATIVES MARKETS AS REVISED AND AGREED TO AT THE JOINT MEETING OF MEMBERS OF THE COMMODITY MARKETS OVERSIGHT COALITION AND THE AMERICANS FOR FINANCIAL REFORM January 7th, 2010 Members of the Commodity Markets Oversight Coalition
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