Tag Archives: Volcker Rule

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AFR: No More Taxpayer Bailouts

FOR IMMEDIATE RELEASE Washington, DC – Today, Tax Day, as Americans are all too aware of where their tax dollars are going, Americans for Financial Reform agrees that taxpayers should never again be on the hook for the mistakes made by the largest financial institutions. The misstatements about the

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Fact Check: Big Banks Must Pay Up

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

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Huffington Post: The Real Price of Proprietary Trading

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

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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

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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,

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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