Attached is a page of examples of leveraged buyouts by hedge funds or private equity firms that have resulted in job losses around the country. In many cases, despite job losses, these deals resulted in huge profits for the investors. Recently, economists have begun registering
May 11, 2010 Re: Oppose Brown-Hagan 3807 & Brown-Gregg 3872 / Co-Sponsor Merkley-Levin Dear Senator: The over 250 consumer, employee, investor, community, small business and civil rights groups who are members of Americans for Financial Reform (AFR) write to express our opposition to attempts to
Americans for Financial Reform Detail How to Keep Wall Street Reform Bill Strong **Audio of Call Available Here** Washington, DC – As the Senate considers amendments to the Wall Street accountability bill, Americans for Financial Reform detailed which of those amendments will strengthen the bill
“The Restoring American Financial Stability Act” (S. 3217) is a good start but must be strengthened as it is discussed in the Senate. Read about the key ingredients to real financial reform. Read our fact sheets and letters to Congress about the bill. Read all
Leaders from Civil Rights, Labor, and Consumer Rights Groups Hold Press Call to Highlight Groundswell of Support for Wall Street Reform and Detail What to Expect in the Senate Debate Washington, D.C. – Today leaders from civil rights, labor, and consumer rights groups held a press
For Immediate Release April 19, 2010 AFR Statement on the Derivatives and Overall Banking Legislation Heather Booth, Director, Americans for Financial Reform: “A year-and-a-half since the reckless behavior of the Big Banks took our economy to the edge of the abyss and cost 8 million
For Immediate Release April 16, 2010 Washington, DC – Americans for Financial Reform issued the following statement regarding the S.E.C. suit accusing Goldman Sachs of fraud on mortgage deals. Heather Booth, Director, Americans for Financial Reform: “The SEC investigation into Goldman Sachs is a major event
Washington, DC – Americans for Financial Reform released the following statement about the Protect our Recovery through Oversight of Proprietary Trading Act (or PROP Trading Act). Heather Booth, Executive Director, Americans for Financial Reform: “AFR strongly supports Senator Merkley and Senator Levin’s bill to rein
James Crotty, Gerald Epstein, and Iren Levina have co-authored an article regarding financial reform, the “Volcker Rule,” and the real cost of propriety trading. Here is the introduction to the article: President Obama’s endorsement of the “Volcker Rule” — a set of proposals designed to
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