Read a report here from the Political Economy Research Institute about speculation and rising gas prices. How Wall Street Speculation is Driving Up Gasoline Prices Today Robert Pollin and James Heintz Political Economy Research Institute University of Massachusetts, Amherst June 21, 2011 “The average retail
Click here to view this week’s highlights and lowlights in Wall Street Reform – June 11, 2011 – June 17, 2011.
FOR IMMEDIATE RELEASE June 16, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on House Passage of FY 2012 Agriculture Budget Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong Wall Street
FOR IMMEDIATE RELEASE June 14, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on CFTC Delaying Implementation of Some Derivatives Rules Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong financial reform,
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AFR submitted a joint comment with Professor Michael Greenberger of the University of Maryland on Treasury proposal to exempt foreign exchange swaps and forwards from clearing and exchange trading requirements under Dodd-Frank. The letter pointed out that Treasury had not provided any evidence supporting its case that foreign exchange derivatives did not pose systemic risk, and in fact there is very strong evidence from the 2008 financial crisis and today that they do pose such risks.
AFR submitted a comment in response to the CFTC’s request for views on their overall proposed structure for regulating swaps and derivatives. The comment raised several issues concerning conflicts of interest in ownership and management of key areas of derivatives infrastructure, like clearinghouses and swaps data repositories. AFR also raised potential problems with definitions of “commercial risk” that could permit evasion of regulations.
FOR IMMEDIATE RELEASE May 31, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Markup of FY 2012 Agriculture Budget Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong Wall Street reform,
FOR IMMEDIATE RELEASE May 25, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Mark-up in House Appropriations Subcommittee on Agriculture Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong Wall Street
FOR IMMEDIATE RELEASE May 24, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Mark-up of H.R. 1573 Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong Wall Street reform, issued the