Wall Street Lobbying Archives - Page 9 of 26 - Americans for Financial Reform

AFR in the News: “DC Quadrakill”

“First, if you don’t like a bill, amendment or provision thereof, you try to defeat it with a vote. Just say, then vote, no (or nay, or whatever). If that fails, go to stage two. You can try to defund it through the appropriations process. If that doesn’t work, there is stage three. This is where you can try to stop it, change it or delay it through the regulatory rule-making process. If all of those things fail, you can go to DEFCON four: litigation. That’s the D.C. Quadrakill: 1. kill bill; 2. defund it; 3. regulate it; and, 4. litigate it.”

Forward March: A Better-than-Expected Year in the Fight for Financial Reform

“Though small compared to Wall Street and the right, groups like Americans for Financial Reform and Better Markets show up extensively in the comments on the Volcker Rule. In the final rule, there are hundreds of references to the detailed comment letter the Occupy the SEC group sent…” The work of these outside groups “is a major piece of what makes solid final rules happen.”

AFR Applauds CFTC for Resisting Continued Wall Street Efforts to Dodge Derivatives Rules

“In a brief advisory statement, the Commodity Futures Trading Commission has closed a specious, lobbyist-concocted loophole in the regulation of the derivatives markets. By doing so, the Commission has reaffirmed one of the most important and hard-won victories of the Dodd-Frank Act.”

AFR in the News: When Lobbyists Literally Write the Bill

The House of Representatives recently voted to roll back a provision of the Dodd-Frank Act that, as reporter Ailsa Chang explained on All Things Considered (NPR, 11/11/13), “prevents banks from using your deposits to trade in derivatives — risky securities that many believe contributed to

AFR in the News: House Is Seen as Wall Street’s Ally

“’The House is the odd man out in terms of doing Wall Street’s bidding,” says AFR policy director Marcus Stanley. “They’re letting Wall Street write the law to its own benefit in ways that harm the public.”

AFR in the News: Who Killed Financial Reform?

“We expected that it would be hard to keep what we’d won and do more going forward,” AFR’s Lisa Donner tells USA Today. “It’s been slower and harder than we’d hoped.”

AFR in the News: Bank Lobbyists Help Write Financial Bills

Citi’s recommendations influenced “more than 70 lines” of an 85-line bill. Two key paragraphs “were copied nearly word for word” from a draft prepared by Citi and two other large banks.

Experts to Discuss Impact of Wall Street Speculation on Gas Prices

Americans for Financial Reform will host a conference call for reporters and bloggers on Today at 12:00 PM EDT to discuss the impact of Wall Street speculation on gas prices. Wall Street gambling is driving up gas prices and putting a strain on the economic recovery and the pocket-books of working families and the middle class.

This Week in Wall Street Reform

Click here to view this week’s highlights and lowlights in Wall Street Reform – March 24, 2012 – March, 30, 2012. Please note: Compiling and distributing ‘This Week in Wall Street Reform’ will be in a period of transition in the coming weeks, so please bear

AFR Press Statement: Wall Street Titans Support Financial Speculation Tax

“On the eve of Tax Day, as millions of Americans are still struggling with hard times and worrying about how to pay the IRS, some of the most prominent players on Wall Street held a press conference announcing that they were stepping up to support a financial speculation tax to “pay their fair” share and help put America back to work.”