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Tag: Dennis Kelleher

DOJ’s Prosecution of Just One Junior Goldman Sachs Partner When More Than 30 Executives and Supervisors Were Involved in Enabling 1MDB’s Crime Spree Sends The Wrong Message to Wall Street Lawbreakers

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 […]

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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

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, […]

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The CFTC Is Back In Business Regulating Derivatives and Commodities With the Senate’s Bipartisan Confirmation of Four CFTC Commissioners

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 […]

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Sen. Manchin is Wrong About Sarah Bloom Raskin, Who Should Be Confirmed for Vice Chair for Supervision at the Federal Reserve

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 […]

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Bringing the Disinfectant of Sunlight to the Digital Asset/Crypto Industry, President Biden’s Executive Order to Develop Consumer and Systemic Protections Is Welcome

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.  […]

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The Federal Reserve’s Disturbing Pattern of Late-Friday Bank Merger Approvals Highlights the Need for More Transparency and Accountability

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 […]

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Dangerous Rhetoric at Today’s Senate Banking Committee Hearing Threatens Federal Reserve Independence and Risks a Financial Crash

FOR IMMEDIATE RELEASE Thursday, February 3, 2022 Contact: Evelyn Swan at 202-618-6433 or eswan@bettermarkets.org 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 […]

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January 2022 Month In Review Newsletter

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 […]

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Fact Check Memo: Critics of Sarah Bloom Raskin for the Federal Reserve Board Distort Her Climate Statements Which Align with Chair Powell, Former Vice Chair Quarles, Wall St’s Banks & Others

FOR IMMEDIATE RELEASE Monday, January 31, 2022 Contact: Evelyn Swan at 202-618-6433 or eswan@bettermarkets.org 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, […]

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