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January 13, 2015 Dear Representative: As a nonprofit, nonpartisan organization that promotes the public interest in the financial markets, we write to identify serious flaws in H.R. 185, which would deprive Americans of... Read More
Just weeks after receiving a green light to once again trade high-risk derivatives with taxpayer support in the 2014 Omnibus, Wall Street and their allies are seeking to carve another loophole in Dodd-Frank. This time they... Read More
As the headlines have made clear for years, JP Morgan Chase has a long RAP sheet of illegal conduct and, although overlooked, it includes enabling Bernie Madoff’s $64.8 billion Ponzi scheme, the largest in history,... Read More
Six years ago this week, Wall Street began imploding with the collapse of Lehman Brothers. The biggest banks started falling like dominoes, taking a big portion of our economy down with them. Ultimately, the 2008 financial... Read More
A terrific must-read story in The Boston Globe about Wall Street's secretly purchased influence in Washington, D.C. was somewhat mistitled as being about the "struggle for the Democratic Party's Soul.... Read More
Remarkably, Goldman Sachs, one of the richest, most powerful, politically connected (aka Government Sachs) too-big-to-fail Wall Street banks, has demonstrated a Teflon-like ability to bounce back from... Read More
  By Dennis Kelleher   A Wall Street financier has been nominated by the Obama administration for a senior, powerful position at the Treasury Department: Undersecretary of the Treasury for Domestic Finance.... Read More
On Wednesday November 5th, 2014, Better Markets and GW Law School C-LEAF hosted an event to discuss whether or not the Dodd-Frank Act has ended the threat posed to our financial system by the too-big-to fail banks... Read More
By Dennis Kelleher The number one issue for voters in the 2014 mid-term elections was the economy, by far. Voters who said the economy was important to them voted 2 to 1 for Republicans. Tellingly, 5 out of 5 state... Read More
Dennis Kelleher The handful of the biggest too big to fail banks -- that still threaten the US financial system, economy and taxpayers due to their size, interconnectedness, lack of equity and high risk trading activities... Read More
By Stephen Hall, Securities Specialist at Better Markets   The final risk retention rule mandated under the Dodd-Frank law and released this week by federal regulators represents a step forward, but it still falls... Read More
By Irina Leonova, Banking Specialist at Better Markets   Watching the “public part” of the October 6th FSOC meeting was … painful. Regrettably, as we have said before, FSOC meetings make the... Read More
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