FOR IMMEDIATE RELEASE The so-called $50 billion “bailout slush fund” would force big banks to pay not taxpayers Washington, DC – Americans for Financial Reform denounces the misstatements by opponents of reform – including Senators Shelby and DeMint – that have been spreading surrounding a measure in the Senate financial
February 1, 2010 The Honorable Christopher J. Dodd The Honorable Richard C. Shelby The Honorable Robert P. Corker The Honorable Mark R. Warner Mr. Michael S. Barr Dear Chairman Dodd, We, the organizations comprising Americans for Financial Reform (AFR), are writing to convey our views
February 1, 2010 The Honorable Christopher Dodd Chairman Senate Committee on Banking, Housing and Urban Affairs 534 Dirksen Senate Office Building Washington, D.C. 20510 Dear Senator Dodd: We are writing today to convey our strong support for comprehensive regulatory reform, and to reaffirm our view
This week, the New York Times editorilized about Citibank’s exit from the bailout program. Although this seems to be good news on the surface, they note that in fact, our financial system is creating ever bigger banks, rather than breaking them up so that none
AFR sent the following letter to Congress regarding H.R. 4173 on December 9, 2009. Download the letter as a PDF. Dear Representative: The undersigned organizations strongly urge you to support H.R. 4173, the “Wall Street Reform and Consumer Protection Act of 2009,” when it comes
When a financial institution fails, only insured depositors should be rescued by the government. Bailouts for other parties, such as shareholders and bond holders, are an unacceptable use of the public treasury to rescue private risk-takers, functioning as little more than wealth transfers from poor
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
Powers must be given to a fully public body, and one that is able to benefit from the information and perspective of the routine regulators of the financial system (excerpt from Pres. Trumka’s testimony) DATE: October 30, 2009 AFR: “Too Big To Fail” Legislation Needs