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Posts Tagged ‘financial reform’

Will Obama man up to the banks and appoint Elizabeth Warren to consumer post?

Posted in Consumer Protection, Financial Regulation, tagged Consumer Financial Protection Agency, financial reform, elizabeth warren on August 10, 2010 | Leave a Comment »

A tweet last night from the Nation’s Katrina vanden Heuvel has raised expectations that President Obama will soon nominate Elizabeth Warren to head the new Consumer Financial Protection Agency. Betty Cracker at Rumproast says if the rumor is true, she’s looking forward to the confirmation fight: I’d love to see the brilliant, no-nonsense Ms. Warren [...]

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Congress passes financial reform but much more must be done to rein in Wall Street

Posted in Congress, Consumer Protection, Financial Regulation, tagged banking, financial reform, wall street on July 15, 2010 | Leave a Comment »

More than a year and a half after Wall Street crashed the global economy, Congress has finally taken important action to rein in the Wall Street titans. The Wall Street reform bill is a crucial first step, passed despite the financial sector’s enormous investments in lobbying and campaign contributions. But Wall Street remains far too [...]

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House passes financial reform; Senate is on deck

Posted in Congress, Financial Regulation, tagged banking, financial reform, wall street on July 1, 2010 | 1 Comment »

The U.S. House of Representatives brought us one step closer to meaningful financial reform Wednesday when it voted (mostly on party lines, with only three Republicans supporting the bill) to pass the conference report on the Wall Street Reform and Consumer Protection Act. David Arkush, director of Public Citizen’s Congress Watch division, called it “a [...]

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Wall Street = ant? Reform = nuclear?

Posted in Congress, Financial Regulation, tagged Congress, wall street, financial reform, boehner, them! on June 29, 2010 | 1 Comment »

In an interview with the Pittsburgh Tribune Review, House Minority Leader John Boehner (R-Ohio) said of the Wall Street reform bill, “This is killing an ant with a nuclear weapon.” Wall Street, an ant? You mean the bankers who have been spending more than a million dollars a day on lobbyists to kill the bill? You [...]

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Revolving door between Congress and Wall Street even bigger than we thought

Posted in Activism, Financial Regulation, Open Government, tagged Center for Responsive Politics, Congress, David Arkush, financial reform, Financial Regulation, lobbyist, Open Government, petition, revolving door, wall street on June 3, 2010 | 3 Comments »

The army of “revolving door” lobbyists bidding for the financial services industry is even larger that we thought. After combing through Senate lobbying disclosure records, we reported in November that at least 940 lobbyists in the financial services sector. This week, we partnered with the Center for Responsive Politics (CRP) on an update to that [...]

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Wall Street is whipping out the big guns

Posted in Activism, Financial Regulation, tagged Congress, wall street, financial reform, Financial Regulation, derivatives, financial overhaul, lobbyist, David Arkush on May 18, 2010 | 1 Comment »

While we expected lobbyists for opponents of strong derivatives reform to have something to say about the legislation to reform the industry, maybe we didn’t expect them to come out with such fervor. Turns out they outnumber the pro-reform lobbyists by 11-1, a Public Citizen report found. That’s right, when it comes to financial reform, [...]

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Public Citizen members publish open letter to Congress demanding strong Wall Street reform

Posted in Activism, Financial Regulation, tagged Congress, CQ Today, financial reform, letter, wall street on May 14, 2010 | Leave a Comment »

On Friday, May 14, Public Citizen published an open letter to Congress in CQ Today, an “insider” newspaper hand-delivered to every senator and representative. The letter calls for strong financial reform legislation and includes the names of well over 500 Public Citizen supporters who signed on by making a contribution to help us continue fighting [...]

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Round 1 goes to the banks, more to come

Posted in Congress, Financial Regulation, tagged bailout, banking, financial reform, Merkley-levin, wall street on May 11, 2010 | 1 Comment »

The Senate resumes debate today on the Wall Street reform bill, having late last Thursday rejected probably the most important measure proposed to reduce Wall Street power, strengthen financial stability and fortify our democracy: breaking up the banks. By a 33-61 vote, the Senate defeated the Brown-Kaufman amendment, which would have forced the largest banks [...]

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Make your senators go on record

Posted in Congress, Financial Regulation, tagged Activism, banking, economy, financial reform, wall street on May 11, 2010 | Leave a Comment »

When consumers make investments, we don’t get government-backed guarantees. Goldman Sachs shouldn’t either. Readers, you can help us stop Goldman and other Wall Street banks from getting government support for their risky trades. The Merkley-Levin amendment – cosponsored by Sens. Jeff Merkley (D-Ore.) and Carl Levin (D-Mich.) – to the Wall Street reform bill would [...]

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