Tag Archives: Systemic Risk

No Thumbnail

Providence Journal Editorial Endorses Volcker Rule

Rhode Island’s Providence Journal just released this Editorial supporting “the Volker Rule.”  It says: Wall Street should not again earn fortunes through reckless investing while loading the risks onto taxpayers. It’s time for new rules for this game, and no financial figure is better suited

No Thumbnail

AFR to Senator Dodd: Support Strong Reforms

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

Paul Volcker: How to Reform our Financial System

Paul Volcker, Chairman of the president’s Economic Recovery Advisory Board and former Federal Reserve Chairman, published this op-ed in the New York Times.  Here are excerpts: The phrase “too big to fail” has entered into our everyday vocabulary. It carries the implication that really large,

No Thumbnail

NYT: Restarting Financial Reform

The New York Times published this editorial supporting President Obama’s proposal to break up the big banks.  Here is an excerpt: In calling for new limits on the size and activities of big banks, President Obama has given the effort to enact serious financial regulatory

Move Your Money!

Financial reform activists from around the nation are fueling a new campaign that encourages consumers to “Move Your Money” from the big bailed-out banks to small local banks. Your accounts with the big Wall Street banks are unwittingly helping to fund the fight against reform. 

What Caused the Crisis at AIG?

US Taxpayers spent $180 billion to bail out AIG – and bought an 80% stake in the company in the process.  Sign the open letter to AIG here! As taxpayers and majority shareholders in AIG, we ask that you immediately release all emails, internal accounting