Skip to main content

Newsroom

January 2, 2014

“Green Shoots”: The Year in Wall Street Reform

One year ago a good argument could have been made for cynicism and despair, at least when it came to financial reform. More than four years after an epidemic of Wall Street fraud took down the economy, there had been no indictments of financial executives. Bank CEOs were still treated like royalty in Washington and New York. We still lacked comprehensive regulatory reform. The President’s much-hyped task force on foreclosure fraud had negotiated a cushy, bank-friendly settlement aimed more at placating the public than in restoring justice to ripped-off homeowners.

Twelve months later, things are still tough. The only bank indictments we’ve seen are of low-level officials. We still don’t have meaningful reform. And yet there are unexpected and promising signs.

Call them ‘green shoots.’ True, it’s a problematic phrase, it’s been used so often to raise false economic hopes since 2008. These shoots could wither and die. But there’s something in the air we wouldn’t have predicted one year ago: Hope.”

***

Read full Campaign for America’s Future post here

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today