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
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
U.S. House of Representatives Washington, D.C. 20515 December xx, 2009 Re: Support Rep. Inslee’s Systemic Risk and Stabilization Amendment Dear Member, As members of Americans for Financial Reform, a coalition of more than 200 consumer, employee, investor, community, business and civil rights groups, we write
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
U.S. House of Representatives Washington, D.C. 20515 December 7, 2009 Re: Support Rep. Miller-Moore Amendment Dear Representative, As members of Americans for Financial Reform, a coalition of more than 200 consumer, employee, investor, community and civil rights groups, we write today in support of the
U.S. House of Representatives Washington, D.C. 20515 December 7, 2009 Re: Support Rep. Inslee’s Amendment to limit Firm Liabilities to 2% of the GDP Dear Member, The over 200 consumer, employee, investor, community and civil rights groups who are member of Americans for Financial Reform
United States House of Representatives Washington, D.C. 20515 December 7, 2009 Re: Support the Hinchey-Inslee-Conyers-DeFazio-Tierney Amendment to restore Glass-Steagall Protections Dear Member, The over 200 consumer, employee, investor, community and civil rights groups who are member of Americans for Financial Reform write you today to
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
Press Release CONTACT: Doug Gordon, (202) 822-5200 x237 LEADING FINANCIAL REFORM COALITION POSES QUESTIONS FOR FED CHIEF BERNANKE Continued Bank Control of Regional Fed Banks Comes Under Fire Will “Too Big to Fail” Taxpayer Bailouts of Reckless Big Banks Remain Policy? Americans for Financial Reform
Protesters rallied in front of Chase bank in Indianapolis on Thursday, Nov. 19 to demand the banks stop preying on the public with their excessive fees. JP Morgan Chase is among the biggest of the “too big to fail” financial institutions who were bailed out