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“[Better Markets] first shot to fame during the 2008 global financial crisis when it became a thorn in the side of Wall Street and Washington regulators because it complained loudly—and correctly—about the follies of excessive financial deregulation. Since then, it has continued to scrutinize the more recondite details of US regulation, complaining, again rightly, that the rules have recently been watered down.”
“Dennis Kelleher and his team at Better Markets have consistently pushed for financial reform that will help protect the U.S. economy from another financial crash. They are strong partners in the fight to level the playing field for middle-class families and have been persistent fighters for the American people, their jobs, savings and retirements.”
“Better Markets has served as a valuable and important voice pushing for fairness in our financial system.”
“Dennis Kelleher over at Better Markets, a huge presence in Washington, DC. A nonprofit, of course, established to make finance and government serve society a little bit better.”
“Dennis Kelleher [is] one of the most powerful lobbyists on financial regulatory reform.”
“It's more important than ever that consumers and taxpayers have strong advocates like Dennis and Better Markets to stand up for ordinary Americans.”
“Kelleher, a former attorney at Skadden, Arps, Slate, Meagher & Flom, has become well-known for his critique of both Wall Street banks and regulators who he has often accused of failing to hold the banks accountable for wrongdoing.”
Shaping the news, amplifying the public’s voice and analyzing new policies so Main Street doesn’t get left behind.
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Better Markets filed more than 450 Comment Letters at the financial regulatory agencies and self-regulatory organizations.
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Better Markets was cited over 170 times in final rules, showcasing the impact our subject matter experts make on the rulemaking process.
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Better Markets argues for strong regulation, effective remedies for investors, and a rulemaking process that complies with the law.
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Better Markets subject matter experts are continually sought after to amplify the public’s voice and to analyze new policies so Main Street doesn’t get left behind.
Important column by @RanaForoohar of the @FT on what's coming for our economy in a second #Trump administration.
https://www.ft.com/content/e578ca2a-15ae-423b-8971-e02c4440d5fb
Our new report explains that the #PrivateMarkets have seen explosive growth over the last two decades. This growth comes at the expense of our public markets, which are deep, liquid and the envy of the world. The growth of the private marketshas significant ramifications for…
.@lisabonos @washingtonpost writes on the rush of investors into #crypto. @DennisKelleher explains that if Trump does the crypto industry's bidding “there are going to be few if any investor protections, which will make this already very volatile, conflict-ridden product even…
.@DennisKelleher joined @NPR's "All Things Considered" and @mariaaspan to discuss #crypto and the election. Dennis warns that the industry is trying to weaken regulation and supervision of crypto, which will lead to more crypto scams and crimes. https://www.npr.org/2024/11/11/nx-s1-5184152/the-crypto-industry-won-big-this-election-it-has-several-implications
The so-called “prediction markets” did not “nail the presidential election” as the industry claims. Frankly, the results show that the financial industry is really just trying to rebrand “gambling markets” as “prediction markets.” Learn more in our new memo:…
The #crypto industry is trying to push its priorities to the top of the policy agenda despite the fact that numerous surveys show most Americans don't care about crypto and most that do have a negative opinion of it.
Our new fact sheet outlines the key issues policymakers should…
.@EbrimaSSanneh of @AmerBanker examines the future of #FSOC. Our Shayna Olesiuk explains "nonbanks have continued to grow, becoming not only bigger threats to financial stability & the American people but also more complex and interconnected with banks."
FSOC approach to nonbanks unlikely to change under Trump
The incoming Trump administration is expected to prioritize an activities-based oversight approach to nonbank entities, ...
www.americanbanker.com
What is the #crypto industry trying to buy with the nearly $200 million dollars it spent in the election? Its goal is to get special interest legislation to give the industry an aura of legitimacy, despite its long rap sheet. Learn more in our fact sheet.
Fact Sheet: Crypto 101 | Better Markets
Bait-and-Switch, False Promises, Influence Peddling and a Growing Threat to our Financial System and Main Street WASHI...
bettermarkets.org
.@DennisKelleher tells @GGottsegen of @MarketWatch that there's reason for skepticism when it comes to prediction markets.
https://www.marketwatch.com/story/its-not-just-election-betting-why-one-expert-thinks-prediction-markets-will-become-bigger-than-stocks-fb20c188
The application for a private credit #ETF from @StateStreet and @apolloglobal further blurs the line between the public and private markets. Public markets provide transparency and protections for retail investors, while private markets often do not. That's why we have serious…
Not only does election betting threaten our democracy but it also contributes to a culture where gamification and addictive gambling behavior is becoming more and more common. That's why @DennisKelleher tells @lisabonos of the @washingtonpost that these platforms are really no…
David Moskowitz, Former Wells Fargo Executive Vice President and Head of Government Relations and Public Policy, has joined Better Markets as a senior fellow. Welcome to the team, David! https://bettermarkets.org/newsroom/former-wells-fargo-evp-deputy-general-counsel-and-head-of-government-relations-and-public-policy-david-moskowitz-joins-better-markets-as-senior-fellow/
.@DennisKelleher joined @NPR's "All Things Considered" and @mariaaspan to discuss #crypto and the election. Dennis warns that the industry is trying to weaken regulation and supervision of crypto, which will lead to more crypto scams and crimes. https://www.npr.org/2024/11/11/nx-s1-5184152/the-crypto-industry-won-big-this-election-it-has-several-implications
"There’s no question that government needs private sector financial experience and expertise, including at the @USTreasury Department, but not at the Secretary level, not by a #WallStreet CEO, and certainly not #JamieDimon."- @DennisKelleher
.@DennisKelleher tells @lisabonos @washingtonpost that prediction markets did not nail the presidential election. Rather the results show what the industry has branded as “prediction markets” are really no more than “gambling markets.”
https://www.washingtonpost.com/technology/2024/11/09/election-betting-trump-polymarket-kalshi/
.@politico recently noted that of the ads developed by crypto this cycle “not a single one mentions crypto.” It’s as if Ford ran an ad campaign and never mentioned its cars. In the @sfchronicle @DennisKelleher explains this is a strategy by the industry to buy lawmakers without…
#JamieDimon as @USTreasury Secretary? On #substack @DennisKelleher explains why that's a very bad idea for #MainStreet. https://bit.ly/4fzgU2w
In a @sfchronicle op-ed @DennisKelleher writes that the #crypto industry is claiming victory despite the fact that its campaign ads refused to mention crypto. Why? Most Americans don't care about crypto, and most that do have a negative opinion of it. https://bit.ly/3UETXmJ
Want to know the real story behind election betting markets? @KAreports @kairyssdal of @Marketplace spoke to our Cantrell Dumas about these markets and the problems they can cause.
The rise of election betting - Marketplace
It's legal — for now.
www.marketplace.org
Important story by @hiltzikm on the lack of accountability for banking execs at TD Bank- "A big bank engaging in criminal conduct has finally been properly punished, but failing to charge individual banking supervisors and executives is wrong and dumb."- @DennisKelleher
Happy election day. Our team analyzed the Biden/Harris record, what a second Trump term would look like, and the Trump Administration’s deregulation that led to the Spring 2023 banking crisis. #Election2024
https://bit.ly/4ftp5gM
The #crypto industry is running more than a $100 million in ads this election cycle- but what's the one thing you won't hear about in their ads? CRYPTO
That's because they know the American people and voters are skeptical if not hostile to crypto so they can’t talk about crypto,…
You've probably heard about betting markets & the #2024election. Our team explains that election betting poses serious risks to democracy, corrupts our financial markets, & exacerbates trends in gamification that lead to addictive behaviors for millions.
https://bettermarkets.substack.com/p/the-kalshi-case-a-threat-to-democratic
.@Kalshi argues its election betting markets are for hedging, but it now offers dozens of markets on the election including margin of victory in swing states. But how can a business hedge by betting on the margin of victory in Pennsylvania?
What Will Be the Popular Vote Margin of Victory in Pennsylvania? | Kalshi
Trade on the outcome of the Pennsylvania Popular Vote margin of victory on the only legal prediction market in the U.S.
kalshi.com
With markets moving drastically in the last days of the election here is the question that should be asked-If prediction markets are so much better than the polls, why do they so often reflect the polls and react to the polls? @crobmatthews @MarketWatch
Trump election odds tumble on betting markets after Iowa poll shows Harris lead
Harris is now the favorite on betting site Predictit.
www.marketwatch.com
#IndexFunds are widely regarded as an important tool for Main Street Americans to invest and save for retirement. But the popularity of index funds has allowed the three main index fund managers to accumulate enormous power, which has the potential to harm investors. In a new…
In this month's newsletter we discuss the whirlwind of change during the past few years. We’ve begun to undo some of the reckless financial deregulation and restore balance to our economic and financial systems and address long-overdue issues of social, economic, and racial…
Millions of Americans currently use banking services—such as payments, lending, or deposit placement—provided by fintech firms that operate in partnership with banks. Although these partnerships provide convenience and can reduce costs, most users are unaware that these fintechs…
Allowing #FTX Co-conspirator Nishad Singh to go scot-free is a bad miscarriage of justice. Although Singh was helpful to the prosecution, but he was not a whistleblower and did not come forward until FTX had imploded. Read our statement.
For FTX Conspirator Singh, No Jail No Justice | Better Markets
WASHINGTON, D.C.— Stephen Hall, Legal Director and Securities Specialist, issued the following statement in connection ...
bettermarkets.org
.@jcbeam @TheAtlantic writes on #crypto's hopes to rewrite the rules in it's favor after the election. @DennisKelleher explains the industry is fighting financial protection rules because if the industry "had to fully and truthfully disclose the risks associated with crypto, the…
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