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Posts Tagged ‘economy’

Recently, a financial industry lobbyist said because Sen. Christopher Dodd (D-Conn.) is retiring, he is now free to “dance with the special interests that brought him to the dance in the first place. Us, his loyal donors in the banking community.”
Nearly 46,000 concerned Americans joined Public Citizen and our partners in [...]

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Last year, Wall Street spent $29.8 million on lobbying to undermine financial reform — a jump in spending of 12 percent, according to the Los Angeles Times.
Next week, Senate Banking Chairman Chris Dodd (D-Conn.) is expected to introduce legislation that is the result of months of bipartisan negotiation.
But will it be the real reform the [...]

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As you may already know, we’ve been working to make sure Senate Banking Committee Chairman Christopher Dodd (D-Conn.) stands up for the proposed Consumer Financial Protection Agency and serious financial reform. There have been rumors he might cave in to the corporate special interests on that – but his in his statement on Citizens United v. FEC, it [...]

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Recently, a financial industry lobbyist said because Sen. Christopher Dodd (D-Conn.) is retiring, he is now free to “dance with the special interests that brought him to the dance in the first place. Us, his loyal donors in the banking community” (from Politico).
In fact, Dodd is now free to do the right thing and hold [...]

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Last month, Public Citizen activists rallied in New York City, Austin and more than a dozen locales across the nation following the financial reform victory in the U.S. House. We joined our Americans for Financial Reform coalition partners in demanding Wall Street and big bank executives use their $150 billion compensation and bonus pool to [...]

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Want an in-depth look at the legislative struggle for financial reform in Congress? Read this excellent article from the Huffington Post’s Laura Bassett, Jeff Muskus and Elyse Siegel. It’s chock full of revealing eye-openers that show why passing strong financial regulation to rein in Wall Street is so difficult. 
The authors show that the revolving door [...]

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How can the federal government generate a lot of money for such things as health care and jobs, while not harming the middle class or the poor?
Through a speculation tax, that’s how. It’s a tax on trades of stocks, derivatives and other financial instruments – the things the wealthiest Americans trade the most. Just a [...]

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This week the stakes are high. As the House prepares to vote on the financial reform we’ve been fighting for all year, Wall Street and the big banks are making every attempt to kill it.
We urgently need calls and emails to reps in the House with the message: Vote YES on the Wall Street [...]

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We’re close to winning the new rules of the road for the big banks and Wall Street that will stop them from driving our economy off another cliff. But first we have to beat back the attempts to kill the hard-fought commonsense reforms we’ve brought this far.
We’re going to war with the big banks and [...]

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Activists in Indianapolis, Indiana rallied in front of Chase Bank today to call for financial reform that puts people before Wall Street profits. After the event, they took their message to the nearby local office of Sen. Evan Bayh (D-Ind.) (who, according to our new report, has received $345,420 in donations from the financial industry [...]

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