Stopping The Next Financial Disaster

Banks-Stop-Looting-Lisa-Nor.jpgNow is the time for Americans to stand up for common-sense progressive reforms to clean up the financial system. The stakes are clear: Without strong regulation of the banks and the shadow banking system, large banks will feel free to gamble with the assumption that taxpayers will cover their losses. This is a recipe for another financial debacle. Here are the facts and perspectives you need to take action.


Robert Johnson's picture

Congress' Choice: Real Derivatives Reform Or Another Wall Street Earthquake

By Robert Johnson
November 18, 2009

This post is an excerpt of testimony presented to the Senate Agriculture Committee on November 18, 2009 in a hearing on legislation reforming regulation of financial markets. The testimony was presented on behalf of Americans for Financial Reform. more »

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Out of Control

By David Moberg
From inthesetimes.com
November 18th, 2009

inthesetimes.com — The big banks are back, larger than ever, with profits and stock prices soaring and huge bonuses expected—thanks to taxpayers and the federal government. That might seem like unabashed good news, but it’s not. And the rosy impression that the financial system has recovered strengthens the industry’s hand in blocking efforts to prevent another, possibly worse crisis from hitting in the near future.

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Isaiah J. Poole's picture

Labor Exec Shows How To Demolish Banking Industry Facade

By Isaiah J. Poole
November 17, 2009

The banking lobby, as corporate lobbies are wont to do, can build a wonderful Potemkin village of consumer delights, where a defanged government beholden to business interests smiles as unfettered CEOs and marketers rack up their profits and where only the buyer need beware.

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Sam Pizzigati's picture

Against Wall Street, Prosecutors Are Striking Out

By Sam Pizzigati
November 16, 2009

Unfortunately, lawmakers aren't doing too well either — and the big bank bonus grab has once again shifted into overdrive.

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The Money Man's Best Friend

By William Greider
From thenation.com
November 13th, 2009

thenation.com — The Obama administration promised to reform the financial system and make it safe for the rest of us, but recent Congressional action is more likely to reset the fuse for another explosive calamity. Washington insiders may not be shocked to learn that private-interest groups provided the draft bill. But the legislation was delivered to the House Financial Services Committee by Blue Dog Democrats, not lobbyists.

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Robert Borosage's picture

A Recipe For Another Financial Debacle

By Robert Borosage
October 13, 2009

As the House Financial Services Committee begins markup on Wednesday of key financial reform legislation, the stakes are clear. more »

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Isaiah J. Poole's picture

Let The Financial Inquest Begin

By Isaiah J. Poole
July 15, 2009

Now that congressional leaders have named the members of the Financial Services Inquiry Commission—what is often referred to as the "Pecora Commission"—we are going to see once again who is prepared to lay the groundwork for real financial reform and who is goin more »

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Isaiah J. Poole's picture

Financial Reform: Up To Us To Change The Game

By Isaiah J. Poole
June 17, 2009

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 »

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