The following op-ed appeared in Barron’s on March, 19, 2024. President Donald Trump recently announced he would create what he called a “strategic crypto reserve.” This proposal not only lacks any real basis in economic logic but raises serious concerns about the long-term consequences for American taxpayers, who have little to gain and much to […]
Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement in response to the jury verdict in the trial of former Goldman Sachs’ junior partner in connection with the global money laundering scandal and looting of 1Malaysia Development Berhad (1MDB): “The jury verdict convicting a single junior […]
Date: Wednesday, April 6, 2022 To: Interested Parties Subject: Information on Goldman Sachs’ Role in the Egregious 1MDB Global Crime Spree as the Trial of Former Goldman Sachs’ Partner Ng Goes to the Jury Event: Justice Dpt. prosecution of Goldman Sachs’ former partner goes to jury with a verdict expected this week. From: Evelyn Swan, […]
WASHINGTON, D.C.— Dennis Kelleher, President and CEO of Better Markets, issued the following statement regarding the Senate’s confirmation of four Commissioners for the Commodity Futures Trading Commission (CFTC): “With the Senate’s bipartisan confirmation of four nominees last night, the Commodity Futures Trading Commission (CFTC) is finally back in business. While Chairman Behnam and Commissioner Stump […]
WASHINGTON, D.C.— Dennis Kelleher, President and CEO of Better Markets, issued the following statement regarding Sen. Manchin’s reported opposition to Sarah Bloom Raskin for Vice Chair for Supervision at the Federal Reserve: “Sen. Manchin claims to have “carefully reviewed Sarah Bloom Raskin’s qualifications and previous public statements” and, based on that review, announced his opposition […]
WASHINGTON, D.C.— Better Markets’ President and CEO Dennis Kelleher highlighted the real threat to the Federal Reserve from Senate Republicans doing the bidding of the oil and gas industry in blocking a vote on Sarah Bloom Raskin’s nomination for Vice Chair for Supervision. Below are excerpts from the The Hill Op Ed, which can be […]
WASHINGTON, D.C.— Dennis Kelleher, President and CEO of Better Markets, issued the following statement regarding the Executive Order issued today by President Biden to ensure responsible innovation in digital assets: “As Justice Brandeis said, “sunlight is the best disinfectant” and lots of disinfectant is needed in the dark and unregulated crypto and digital asset space. […]
WASHINGTON, D.C.— Today, Phillip Basil, Director of Banking Policy at Better Markets, issued the following statement on today’s action by the Federal Reserve to approve the acquisition of People’s United Bank by M&T Bank: “Today the Federal Reserve announced yet another late-Friday approval of a bank acquisition, which follows its late-Friday announcements of three bank […]
FOR IMMEDIATE RELEASE Thursday, February 3, 2022 Contact: Evelyn Swan at 202-618-6433 or [email protected] WASHINGTON, D.C.—Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, issued the following statement following the Senate Banking Committee hearing today on President Biden’s nominations of Sarah Bloom Raskin, Lisa Cook and Philip Jefferson to serve on the Federal […]
The new year is off to a rocking start, with lots of activity focused particularly on the Federal Reserve, which impacts the wallets and pocketbooks, lives and livelihoods of every American family. Anyone with a job, home, savings or checking bank account, credit or debit card, or loan of any type (student, mortgage, auto, personal, small […]
FOR IMMEDIATE RELEASE Monday, January 31, 2022 Contact: Evelyn Swan at 202-618-6433 or [email protected] WASHINGTON, D.C.—Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, issued the following statement in connection with the release of a Fact Check Memo detailing critics’ distortion of Sarah Bloom Raskin’s statements regarding climate, which align with Chair Powell, […]
As we said at the beginning of 2021, President Biden’s first term is going to be over before you know it and one quarter of it already is. While much has been accomplished, too many of administration’s initiatives and nominees have languished in the Senate, mostly due to obstruction unrelated to the merits. Regardless of […]
FOR IMMEDIATE RELEASE Friday, January 14, 2022 Contact: Doug Walker at 202-618-6430 or [email protected] WASHINGTON, D.C.—Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement in response to President Biden’s nomination of Sarah Bloom Raskin, Lisa Cook and Philip N. Jefferson to serve on the Federal Reserve Board: “We applaud […]
FOR IMMEDIATE RELEASE Monday, January 10, 2022 Contact: Doug Walker at 202-618-6430 or [email protected] WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement in response to the announced resignation of Federal Reserve’s Vice Chair Clarida: “Federal Reserve Vice Chair Richard Clarida’s conduct in seeking to personally profit […]
FOR IMMEDIATE RELEASE Thursday, January 6, 2022 Contact: Doug Walker at 202-618-6430 or [email protected] WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement in connection with the New York Times story today about Federal Reserve’s Vice Chair Clarida’s amended trading disclosure: “The New York Times’ explosive story […]
Hard to believe, but 2022 is here! We ended 2021 with a bang and are looking forward to the challenges of 2022 and we hope you are too. First, thank you to everyone who financially supported Better Markets in 2021. As a 501c3 nonprofit, we only exist and can only fight for Main Street families, […]
FOR IMMEDIATE RELEASE Thursday, December 9, 2021 Contact: Evelyn Swan at 202-618-6433 or [email protected] WASHINGTON, D.C.— Today, Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement on today’s action by the FDIC to issue a request for information from the public regarding its bank merger policies: “We applaud the FDIC […]
WASHINGTON, D.C.— Today, Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement regarding the Federal Reserve’s announced new trading policies: “The changes announced today by the Federal Reserve are long overdue and a good start, but don’t go far enough. First, the policies must be broader and apply to […]
WASHINGTON, D.C.— Today, Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement regarding the revelations that Federal Reserve Chair Jay Powell traded during the pandemic in 2020: “It was reported yesterday that the most senior leader of the U.S. central bank, Federal Reserve Chair Jay Powell, had substantial personal […]
FOR IMMEDIATE RELEASE Friday, October 8, 2021 Contact: Doug Walker at 202-618-6430 or [email protected] WASHINGTON, D.C.—Phillip Basil, Better Markets Director of Banking Policy, released the following statement on a new report, The Agenda for the Fed’s Next Vice Chair for Supervision: “When the term of Federal Reserve Vice Chair for Supervision Randal Quarles expires on […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, released the following statement in response to the SEC investigation of Federal Reserve leaders’ trading during the pandemic and confirmation of applicability of insider trading laws to those in government: “As SEC Chairman Gensler testified at the House Financial Services Committee (quoted […]
The American People Deserve to Know if Laws Were Broken WASHINGTON, D.C.—Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, released the following statement on reporting that the Fed is working with the Office of Inspector General in its review of trades made by senior central bank officials during the pandemic: “We welcome […]
The Pandemic Trading Violated Clear Fed Policies and the Fed Must Tell The American People Who Else Traded During the Pandemic WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement in connection with a letter he sent to Federal Reserve Chairman Powell: “The Federal Reserve appears to […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement regarding the Senate’s confirmation of Rohit Chopra as Director of the Consumer Financial Protection Bureau (CFPB): “We applaud the Senate for confirming Rohit Chopra as the new Director of the Consumer Financial Protection Bureau (CFPB). Mr. Chopra is […]
Washington, D.C. – Dennis M. Kelleher, President and Chief Executive Officer of Better Markets, issued the following statement regarding today’s announcement of Dan Berkovitz as General Counsel of the U.S. Securities and Exchange Commission (“SEC”): “Dan Berkovitz, the SEC next General Counsel, is highly qualified for this position given his decades of varied experience. His […]
WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement in response to statements made by Chairman Jay Powell during testimony to the Senate today: “Federal Reserve Chair Powell’s responses and non-responses today to Senator Warren’s laudable line of questioning on his dangerous and irresponsible deregulations were misleading, […]
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