Goldman Sachs CEO Lloyd Blankfein may have had his tongue in his cheek when he said his bankers were doing “God’s work,” but the company’s critics aren’t laughing. In fact, a couple hundred of them — led by Service Unions International Union president Andy Stern
According to the New York Times, “Robert Benmosche, chief executive of [AIG] since August, confirmed that he was “frustrated” about how long it was taking to devise an executive compensation plan that was “fair” but did not violate the restrictions the government has placed on
My DD posted this article which refers to Americans for Financial Reform. Here’s an excerpt: By Zach Carter, Media Consortium Blogger By proposing financial reforms that won’t curb Wall Street excess, U.S. policymakers have offered an unacceptably weak response to our enormous financial crisis. If
House Financial Services Committee 2129 Rayburn House Office Building Washington, D.C. 20515 November 17, 2009 Dear Chairman Frank, Ranking Member Bachus, and Members of the Committee, As members of Americans for Financial Reform, a coalition of nearly 200 consumer, employee, investor, community and civil rights
Americans for Financial Reform appeared in this Roll Call article. Excerpt: Consumer advocates are counting on Dodd to help push back on industry’s attempt to narrow reform. Groups such as Americans for Financial Reform have already started reaching out to the Banking panel’s staff to
National People’s Action and Service Employees International Union (SEIU) organized hundreds of taxpayers to converge on the Washington headquarters of Goldman Sachs on November 16 to demand an end to multi-billion dollar bonuses and the Too Big To Fail Doctrine and call for immediate Congressional
Americans for Financial Reform and our partners sent these letters (House, Senate, both links are PDFs) to Congress stating our strong support for overdraft reform. New bills introduced in the House and Senate take dramatic steps to protect consumers from sneaky overdraft loans. You can
What exactly is going on with the economy? Stocks are up and big bonuses are back, but while they’re throwing parties on Wall Street, there’s pain on Main Street. One out of every six workers is unemployed or underemployed, according to government statistics – the
National Mobilization Continues to Demand End to Multi-Billion Dollar Bonuses at Bailed Out Banks and the Too Big To Fail Doctrine Calls for Congressional Action Now Washington, DC: National People’s Action and Service Employees International Union (SEIU) organized hundreds of taxpayers to converge on the
On Tuesday November 17, Damon Silvers of the AFL-CIO will debate Ed Yingling of the American Bankers Association about how best to reform America’s financial system. The event will be hosted by the Aspen Institute: Moderated by President and CEO of the Aspen Institute, Walter