Nearly two years after the reckless behavior of the Big Banks took our economy to the edge of the abyss and cost 8 million Americans their jobs, Congress has passed and sent to the President the most significant legislation to rein in Wall Street and the Big Banks since the...
Posted June 30, 2010 | 20:49:32 (EST)
Today, in a historic vote, the House of Representatives passed financial reform legislation that, nearly two years after the reckless behavior of the Big Banks took our economy to the edge of the abyss and cost eight million Americans their jobs, will begin to rein in the Big Banks, bring...
Posted June 23, 2010 | 11:07:42 (EST)
This is it. Just a few months shy of the two year anniversary of the financial meltdown that took our nation's economy to the edge of the abyss and cost 8 million Americans their jobs, Congress is on the verge of passing reform to rein in Wall Street and protect...
Posted April 29, 2010 | 10:33:18 (EST)
Yesterday, after blocking three votes, Republicans relented, and allowed public debate and amendments to proceed to the full Senate on Wall Street reform.
This happened without making any concessions on providing new consumer protection provisions, making any new exemptions on regulating derivatives to end the casino economy, or providing measures...
Posted March 19, 2010 | 12:57:54 (EST)
This week, bankers from all around the country have swarmed on Capitol Hill for no other purpose other than to defeat any attempt to regulate the behavior that made them rich and crashed the world economy to say that they love you.
Since bankers are shy, upon...
Posted March 12, 2010 | 17:07:46 (EST)
The first rule of real financial reform is that you can't stop fighting for it.
The second rule of real financial reform is that you CAN'T STOP fighting for it.
Big banks must be held accountable, consumers must have independent regulators looking out for their interests, and the casino economy...
Posted March 3, 2010 | 12:23:27 (EST)
Over the weekend, the Huffington Post received a draft outline of a proposal on consumer protection from Senator Dodd. In an effort to appeal to opponents of real reform, that draft proposal seriously weakened the Consumer Financial Protection Agency that is a lynchpin of real reform....
Posted February 8, 2010 | 09:05:01 (EST)
Seen this ad from the "Committee for Truth in Politics"? If the name weren't comical enough, the visuals are. But that doesn't mean we shouldn't take the message seriously. The claim that financial regulatory reform is a $4 trillion bank bailout doesn't really resemble any truth, as
Posted February 5, 2010 | 11:43:52 (EST)
The unemployment numbers are out, and the Labor Department reports that 9.7% of our fellow Americans remain unemployed. Before we get too excited about the drop, we should note 20,000 jobs were lost, leaving 6.3 million out of work for six months or more. Worse, estimates at underemployment...
Posted January 28, 2010 | 12:03:30 (EST)
Last night in his State of the Union address, President Obama reinforced his ambitious agenda to fix the economy and enact financial reform, including measures to hold Big Banks accountable for their reckless actions that led to our financial crisis and the loss of millions of jobs:
The House has...

Posted July 15, 2010 | 19:08:21 (EST)