Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter October 30, 2014 Will the Law Finally Catch Up to Goldman Sachs? Goldman Sachs, one of the richest, most powerful, politically connected Wall Street banks, has demonstrated a Teflon-like ability to bounce back from egregious misdeeds, illegal conduct, and […]
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Financial Reform Newsletter October 23, 2014 What’s wrong with Wall Street’s Big Bank earnings? Lots: This month, the handful of “too-big-to-fail” banks that played the leading role in the financial crisis of 2008, devastating the lives of millions of Americans, reported very good third quarter financial results. The seven biggest Wall Street banks reported $109 […]
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Financial Reform Newsletter October 9, 2014 Investigative media report reveals that Wall Street secretly funds DC front group to attack those who attempt to hold the biggest banks and their executives accountable: The DC group, Third Way, claims to be independent, but in fact consistently pushes Wall Street’s agenda in the power corridors of […]
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Financial Reform Newsletter October 1, 2014 Would you trust a lawyer to represent you in a dispute if he or she was getting paid by the other side? Certainly not, but that is the very scenario many hardworking Americans face when seeking investment advice from certain financial advisers to plan for retirement. Millions […]
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Financial Reform Newsletter September 24, 2014 Broad group of public interest and labor organizations applaud the Dept. of Labor’s push to protect Americans’ retirement savings: Millions of hardworking Americans who have spent years saving for retirement are receiving financial guidance from professional advisers who are not obligated to act in the best interest […]
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Financial Reform Newsletter September 17, 2014 Six years ago this week the collapse of Lehman Brothers ignited a series of unprecedented events that triggered the most devastating financial crisis since the stock market crash of 1929, and the biggest taxpayer-funded bailout in the history of the United States: Here is the look back […]
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Financial Reform Newsletter September 4, 2014 Further corroding trust and confidence in government and government officials, another senior government official takes his turn through the highly lucrative revolving door onto Wall Street: Former Republican House Majority Leader Eric Cantor (R-VA), who stunningly lost a recent primary election largely due to his cozy ties to Wall […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter August 28, 2014 SEC adopts new rules to protect consumers, investors and the economy from ‘toxic and worthless’ securities like those that helped crash the financial system and crater the economy in 2008: Too much in finance is confusing and complex (and […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter August 12, 2014 Why do almost all companies finance themselves mostly with equity, but Wall Street’s too-big-to-fail banks finance themselves almost 100 percent with borrowed money (debt), making them very unstable and at high risk of failure even if they only […]
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Shocking but true: All 11 of Wall Street’s biggest too-big-to-fail banks just flunked a key test, proving that they still pose a huge, needless and unacceptable risk to US taxpayers, the financial system and the economy as a whole: Wall Street’s biggest 11 banks are supposed to have “resolution plans” also called (living wills) so that they can file […]
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Attention on the 4th anniversary of the landmark Wall Street Reform and Consumer Protection Act (Dodd-Frank) resumes: Better Markets’ new poll on […]
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FINANCIAL REFORM NEWSLETTER JULY 17, 2104 On the eve of the 4th anniversary of President Obama signing the historic financial reform law, Better Markets released a national poll of likely 2014 voters to gauge their opinion of Wall Street, big banks and what leaders in Washington, D.C. are doing to protect them from another financial […]
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Financial Reform Newsletter July 10, 2014 Current Newsletter (Past Newsletters): As the media reports that more Wall Street settlements are coming, Better Markets continues to fight for accountability on Wall Street and at the Justice Department, urging a federal court to require DOJ to tell the American people what JPMorgan Chase did in […]
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Financial Reform Newsletter May 15, 2014 Current Newsletter (Past Newsletters): Should Wall Street police itself? That’s what it did before the 2008 crash and that will cost the U.S. between $13 and $40 trillion, in addition to the massive suffering from coast to coast that is still hurting families and communities today. It is past […]
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Financial Reform Newsletter April 23, 2014 Current Newsletter (Past Newsletters): ICYMI: “Better Markets stands out for its major impact,” said New York Times columnist Simon Johnson. He reviewed the state of financial reform and stated: “Of all the civil society organizations seeking to promote financial stability, Dennis Kelleher‘s Better Markets stands out for its major […]
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Financial Reform Newsletter April 16, 2014 Financial Reform, the SEC and Better Markets Winning in the Courts. Wall Street’s too-dangerous-to-fail banks and their many allies have been trying to kill, gut or weaken financial reform by filing numerous lawsuits claiming that every rule must be subjected to what they call “cost-benefit analysis.” While this sounds reasonable, they […]
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Financial Reform Newsletter April 11, 2014 Smoking Gun Catches the SEC in a Lie: It’s Time for the SEC to Disclose its Secret Settlement Collusion with Wall Street. Two separate reports this week have scratched the surface of what could soon be a full-blown scandal at the SEC. First, a recently retired senior SEC […]
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Financial Reform Newsletter April 3, 2014 Fighting Wall Street in the rulemaking process to protect Main Street. A funny thing happened on the way to preventing another financial crash and more Wall Street bailouts. It’s called the rulemaking process, which is required to implement much of the financial reform law that was passed 3 […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter March 28, 2014 Another week, another too-big-to-fail bank pays billions to settle yet more claims for fraudulent and illegal conduct for contributing to the 2008 financial crash. It was announced this week that Bank of America is paying $6.3 billion (and buying […]
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Financial Reform Newsletter March 14, 2014 Department of Justice, like the SEC, knowingly misleads the American public about being tough on financial crimes that victimize Main Street. DOJ’s independent inspector general just released a report showing that the DOJ and the Attorney General himself “wildly overstated” the work of their so-called “mortgage fraud task force.” For example, the IG […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter March 6, 2014 FDIC Vice Chairman Thomas M. Hoenig may be the most important person in financial reform you don’t know. Mr. Hoenig is a clear, informed and understandable voice for sensible financial reform that will decidedly protect Main Street from Wall Street’s excesses. If you […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter February 26, 2014 New Fed rules will protect U.S. taxpayers and the global financial system. Last week, the Federal Reserve passed strong new rules requiring U.S. operations of the very largest foreign banks to comply with the same capital standards as […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter February 19, 2014 The Financial Times supports Better Markets’ efforts in its lawsuit against the Department of Justice’s unprecedented settlement with JP Morgan Chase for $13 billion. Better Markets’ lawsuit against the Department of Justice’s historic settlement agreement with […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter February 12, 2014 Better Markets President and CEO Dennis Kelleher discusses the lawsuit against the Department of Justice during a press conference at the National Press Club. Better Markets files lawsuit against the Department of Justice (DOJ) and the Attorney General […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter February 5, 2014 Wall Street’s unregulated recklessness, not financial reform or the Volcker Rule, is the biggest threat to job creators and economic growth. The House Financial Services Committee holds a meeting this week on the Volcker Rule’s impact on what […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter January 29, 2014 JP Morgan Chase board indefensibly rewards CEO Jamie Dimon for getting sweetheart settlement deals. JP Morgan Chase is ‘generous’ to a fault: after paying more than $20 billion in settlements and fines in 2013 for egregious, widespread illegal and […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter January 23, 2014 Don’t be misled by the spin: Wall Street’s war on financial reform continues. The too-big-to-fail Wall Street banks that would have all collapsed into bankruptcy if taxpayers hadn’t bailed them out of their reckless trading and investments in 2008 […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter January 15, 2014 Like Al Capone setting the police budget for Chicago in the 1920s, Wall Street, its lobbyists and allies in Congress have again underfunded the Wall Street cops in budget deal. Late Monday night, the House approved a […]
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Sign up to receive our Financial Reform Newsletter here. Financial Reform Newsletter January 9, 2014 **You’ll note that we have renamed the “Financial Reform Newsletter” and in the future will be posting it mid-week.** Madoff’s bank, JP Morgan Chase, criminally charged for ignoring clear warning signs and failing to report his […]
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Sign up to receive our Financial Reform Friday Newsletter here. Financial Reform Friday Newsletter December 20, 2013 A year-end look at regulating Wall Street. Better Markets President and CEO Dennis Kelleher joined New York Times Columnist Gretchen Morgenson on Minnesota Public Radio’s “The Daily Circuit.” The show covered the year in financial regulation, including last week’s vote to finalize the […]
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Sign up to receive our Financial Reform Friday Newsletter here. Financial Reform Friday Newsletter December 13, 2013 Volcker Rule ban on prop trading finally here. Five years after the financial crash and more than three years since the financial reform law was passed, the Volcker Rule is final. On December 10, financial regulators voted […]
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Sign up to receive our Financial Reform Friday Newsletter here. Financial Reform Friday Newsletter December 6, 2013 Better Markets applauds Secretary Lew’s speech on strong financial reform. In remarks delivered Thursday, Treasury Secretary Jack Lew called for strong financial reform, full funding for financial regulators and a global “race to the top” to protect taxpayers from […]
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Sign up to receive our Financial Reform Friday Newsletter here. Financial Reform Friday Newsletter November 22, 2013 Don’t be fooled: DOJ’s actions prove that the settlement with JP Morgan Chase is indefensible. Seeking to avoid public scrutiny and accountability, DOJ won’t disclose the most basic information about JP Morgan’s illegal conduct: exactly what they did […]
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Sign up to receive our Financial Reform Friday Newsletter here. Financial Reform Friday Newsletter November 15, 2013 Trending on Twitter: Wall Street too-big-to-fail bank executives’ cluelessness. Most have heard about JP Morgan Chase’s disastrous attempt to be hip and happening on Twitter with #AskJPM. But, while many of the tweets were funny, the #AskJPM blow […]
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Sign up to receive our Financial Reform Friday Newsletter here. Financial Reform Friday Newsletter November 8, 2013 JP Morgan Chase: a one-bank crime spree. In a letter to Attorney General Eric Holder, Better Markets urged the Department of Justice to require comprehensive public disclosure of JP Morgan Chase’s illegal conduct connected to a potential settlement agreement. […]
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Sign up to receive our Financial Reform Friday Newsletter here. Financial Reform Friday Newsletter November 1, 2013 We say again: Do not miss The Daily Show’s Jon Stewart discussing Jamie Dimon/JP Morgan Chase and their cheerleaders on FOX News and CNBC: first part here and second part here. Must read New York Times article […]
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