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By Alex Formuzis, Communications Director According to a new national survey, 51 percent of likely voters believe both Republicans and Democrats in Washington, D.C. are equally cozy with Wall Street. The poll, commissioned... Read More
The Securities and Exchange Commission has summarily granted Citigroup two waivers from regulatory restrictions arising out of the federal court injunction entered against it under a $285 million settlement with the SEC.... Read More
Last week’s revelations about the supervisory practices of the New York Federal Reserve Bank raise a host of important questions: Who is the key stakeholder (and decision-maker) at the NY Fed?  Is it the team... Read More
  Would you trust a food safety inspector who graded food based on how much the supplier paid the inspector, not on the safety or quality of the food? Would you trust a doctor who was allowed to recommend... Read More
 Sept. 18, 2008: “we may not have an economy on Monday.”  -- Ben Bernanke   Six years ago today, the entire United States financial system was at a tipping point, about to fall into an abyss... Read More
Announced very late on a Friday afternoon in late August, presumably designed to get the least notice and attention, Goldman Sachs, yet another big Wall Street bank, will walk away almost scot-free from its role in causing... Read More
Bank of England Bank for International Settlements Basel Committee on Banking Supervision The Commodity Futures Trading Commission The Conference of State Bank Supervisors The Group of 20 The Federal Deposit Insurance... Read More
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... Read More
A relatively new Commissioner of the U.S. Securities and Exchange Commission is clearly doing her best to look out for the interests of the American people and the U.S. economy.  Kara Stein has recently taken some very... Read More
Killing public trust and reeking of conflicts of interest, senior government officials cashing in and influence peddling are out of control and must be limited by law. CFTC Commissioner O’Malia’s spin through... Read More
On Wednesday July 23, 2014, the SEC plans to adopt a final rule implementing changes in the regulation of money market funds (“MMFs”).  The SEC issued its proposed rule in June 2013, but it was grossly... Read More
Dennis Kelleher, President and CEO In an interview earlier this week, President Obama said the job of reigning in Wall Street’s biggest banks and protecting American families from financial crashes and more bailouts... Read More
Wall Street's latest gambit to avoid sensible and modest financial reform rules is to pretend that they are not guaranteeing their overseas affiliates.  This is great for Wall Street, which gets around the rules,... Read More
The Department of Labor will soon propose a rule that will go a long way toward limiting the conflicts of interests and exposing the hidden fees that are draining the savings of millions of American workers and retirees... Read More
At a forum hosted by UCLA's Hammer Museum, Dennis Kelleher, president and CEO of Better Markets, Inc., and Wallace Turbeville, senior fellow at Demos, discussed why the United States, unlike other... Read More
Systemic risk and the investment professional Speech to the New York Society of Security Analysts, NYC May 1, 2014 By Robert Jenkins, FSIP   The Age of Asset Management The CFA’s Future of Finance initiative... Read More
West Coast Friends, Better Markets President Dennis Kelleher will be speaking tonight at a Hammer Forum event at the UCLA Hammer Museum. He will be talking about "From Wall Street to Main Street:  The Need for... Read More
The CFTC is the derivatives cop on the Wall Street beat.  Indeed, it is the only agency standing between Main Street and Wall Street’s reckless, high risk derivatives gambling that will cause another financial... Read More