FOR IMMEDIATE RELEASE DATE: May 17, 2010 Poll Results Warn Senators: Hold Fraudsters Accountable CLICK HERE FOR POLL: MORE THAN TWO-THIRDS OF AMERICANS UNLIKELY TO VOTE FOR SENATORS WHO OPPOSE AMENDMENT TO FINANCIAL REFORM BILL TO HOLD KNOWING FRAUD AIDERS AND ABETTORS ACCOUNTABLE TO INVESTORS Specter-Reed Amendment to Senate Financial Reform Bill (S. 3217) Debated
$1.4 MILLION…The amount that the finance industry is spending every day to influence Congress. $600 MILLION…The amount that the six big banks and their trade associations have spent on lobbying, trade association activity, and political contributions since the first major federal bailout of Bear Sterns in March 2008. 243…The number of government insiders turned lobbyists employed by
The Senate must hold Wall Street accountable by passing the Bureau of Consumer Financial Protection (CFPB), an essential part of the reform package. Its purpose is to protect Americans from unfair, deceptive, and abusive financial products. As part of that mission, the bill provides the CFPB and the Securities and Exchange Commission (SEC) with the
Read FAQs about the SAFE Banking Act here – see page 3 (pdf). Our financial system has become dominated by institutions that are “too big to fail.” Moreover, as FDIC Chairman Bill Isaac has said, they are “too big to manage, and too big to regulate.” MIT professor Simon Johnson and James Kwak, a researcher
Americans for Financial Reform and our 250 coalition partners applaud the Senate for rejecting – on a bipartisan basis – the sham that was Sen. Shelby’s “consumer” amendment to the Wall Street accountability currently being debated in the U.S. Senate. Click here for a recording of the May 6th press call regarding the alternative GOP
CFPA AG Enforcement