Americans for Financial Reform sent the following letter to members of the Senate Banking Committee, urging them to create real protections for investors: February 16, 2010 Dear Chairman Dodd, Ranking Member Shelby and members of the Committee: As you know, legislative language is currently being
Professor Alan White recently submitted an op-ed to the South Bend Tribune about the need for better financial regulations. Among other things, his piece says: Much of the debate regarding the proposed Consumer Financial Protection Agency misses the point. The question is not whether banking,
Wall Street CEOs legalized gambling through something called ‘derivatives,’ making bets on bets on bets. But when their luck ran out, it was our money they lost – our homes, our investments. Watch the ad below from AFR partners Americans United for Change and American
Mary Bottari of BanksterUSA.org dissects Goldman Sachs’ actions in this column on the Huffington Post. Here is an excerpt: It’s really unbelievable. The way that Goldman Sachs keeps sticking its foot in it is simply unbelievable. Let’s not review their unbelievable bonus pool or their
The News Observer reports that the NC Secretary of State, Elaine Marshall, dropped off a petition with 2,500 signatures supporting financial reforms to the office of Republican Senator Richard Burr. Marshall will be running against Burr this fall. Here is an excerpt from their report:
Senator Tester (D-MT) has already spoken out against recent misleading ads about financial reform and the Consumer Financial Protection Agency, and now he’s followed up his previous interview with a letter to the “Committee for Truth and Politics”. Here are some excerpts from the accompanying
FOR IMMEDIATE RELEASE DATE: February 12, 2010 April Fool’s Day Comes Early: Citi Bets on Next Financial Crisis Washington, DC – Americans for Financial Reform points out Wall Street “innovation” at its finest: This week Citi announced plans to create “the first derivatives intended to
Recently, AFR partners at the Council of Institutional Investors and Investors Working Group sent these letters regarding derivative reform to the Senate. The letters focus on the failures of the current regulators and the need for comprehensive reform legislation. Click here for the letter from
Heather Booth, AFR’s Executive Director, was quoted in this Washington Post article. Here is an excerpt: Heather Booth, executive director of Americans for Financial Reform, said that the advocacy campaign has reached a critical moment and that more such efforts are on the way. She
For Valentine’s Day, The Public Breaks Up With the Big Banks in a Boycott and Outreach Movement This Valentine’s Day is the perfect time to end your abusive relationship with the big banks that have a stranglehold on our country. They’ve been lying, gambling, cheating