Americans for Financial Reform, a national coalition of more than 200 state and local organizations, including the Campaign for America's Future, dedicated to reforming the financial system and rebuilding our economy., released the following statement today in response to President Obama's proposals for financial industry reform. more »
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A national coalition of nearly 200 state and local organizations—ranging from financial experts to community advocates—have kicked off a major campaign to reform our financial system and rebuild our economy.
They are operating under the banner of Americans for Financial Reform, and at a news conference Tuesday, heard here, some of the coalition members explained how they intend to change the political dynamic that up to now has allowed Wall Street bankers to write the rules for themselves. more »
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There's a reason why lawbreakers don't get to negotiate the terms of their punishment or their parole. There is no bartering to be done between the protectors of law and order and the violators of law and order. There are only two basic questions for the person who dared to stand outside the law: What is required of you to atone and what must be done to prevent that lawbreaking from recurring. more »
The fact that regular citizens have been largely excluded from the debate over financial regulation on Capitol Hill was underscored most vividly when Sen. Richard Durbin, D-Ill, said last month that "frankly the banks own the place." more »
The U.S. Chamber of Commerce announced yesterday that it would “develop a sweeping national advocacy campaign … to defend and advance America’s free enterprise values in the face of rapid government growth and attacks by anti-business activists.” The Chamber doesn’t get it. They aren’t defending capitalism and free enterprise. They are all but destroying it.
Economist Simon Johnson says it will likely be a long struggle to get the financial system functioning as it should so that it no longer can behave in ways that endanger the entire national and global economy. more »
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I stopped reading The Wall Street Journal editorial page when it soared off into wingnuttery, writing tomes on the imaginary conspiracy to off Vince Foster and other fantasies. The news pages remain useful; the editorial page hasn't improved much.
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