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By Dennis Kelleher, President and CEO of Better Markets It is no surprise that Michael Lewis’ new book "Flash Boys" ignited a firestorm or, as a couple of the most knowledgeable observers called it, “... Read More
Sunday night, March 30th, 60 Minutes did a story on market structure, computer trading and Michael Lewis's new book "Flash Boys: A Wall Street Revolt," which was released March 31.  This show (... Read More
The Commodity Futures Trading Commisson (CFTC) has enormous responsibilities for protecting the American people from another devistating financial crisis: it is the primary derivatives regulator in the U.S. and is in charge... Read More
The President's budget request seeks grossly insufficient funding for the CFTC as we stated here, but CFTC Commissioner Bart Chilton issued a blistering statement detailing exactly why it is so bad and his full must-read... Read More
The movie “The Wolf of Wall Street” was very controversial from the start and that may have been the reason it failed to win an Oscar.  Leonardo DiCaprio’s portrayal of a “boiler room”... Read More
Fact Sheet: The CLO Debate Is Just the Latest Wall Street Attack on the Volcker Rule                      ... Read More
  “The Watchdog that Didn’t Bark,” a new book by Dean Starkman, examines why the financial media failed to report on the looming financial crash before it was too late. The editor of the Columbia... Read More
  The George Polk Awards in Journalism have been described by one journalist as “one of only a couple of journalism prizes that means anything.” The Center for Public Integrity, a nonpartisan... Read More
  Every person and business in American buys and needs commodities like oil and wheat. Commodity prices are supposed to be set by supply and demand, but Wall Street speculators at the biggest banks also trade... Read More
  On February 10, Better Markets filed a lawsuit in Federal Court in DC challenging the Department of Justice’s (DOJ) unilateral, historic and unprecedented $13 billion settlement with JP Morgan Chase. It is the... Read More
    Fact Sheet:  Better Markets Files Lawsuit Challenging the Record-Setting $13 Billion Settlement Agreement Between the Department of Justice and JP Morgan Chase   Overview... Read More
  With Banco Santander’s appointment of former FDIC Chairman Sheila Bair as an independent director, the Spanish bank is getting a tough-as-nails former regulator who will be willing to tell the bank’s... Read More
  The New York Times has a terrific article today about new rules that will close a loophole that foreign banks have exploited to avoid complying with new U.S. rules to make large banks safer and bailouts less... Read More
In 2012, Better Markets published the first report on the cost of the financial crisis to the U.S. The report calculated the costs from lost jobs, homes and retirement savings, to the massive costs of bailing out the banks,... Read More
As we approach February 14th, you can hear a lot about lust in the news today, but few think of “bloodlust” and even fewer would think the following statement by Better Markets President and CEO Dennis... Read More
Only in the warped, distorted, Alice-in-Wonderland world  of Wall Street would one think “Washington went to war against big Wall Street banks” or that “Washington won [the war] in a blowout,” as... Read More
  Once again, Wall Street lobbyists have crippled the CFTC’s efforts and harmed the SEC’s ability to police Wall Street and protect Main Street. The budget bill approved by the House Monday night... Read More
More than five years after Bernard Madoff’s shocking arrest exposed his decades-long Ponzi scheme, the largest in US history costing investors almost $20 billion, the U.S. Attorney for the Southern District of New... Read More
  “Citigroup has served as the poster child for the elusive promises and manifold pitfalls of universal banking. When Citicorp merged with Travelers to form Citigroup in 1998, Citigroup’s leaders and... Read More
While most of us spent the past two weeks gathering with family and friends, financial reform news barely slowed down to acknowledge the holidays. From Wall Street’s latest attack on the Volcker Rule, to the Department... Read More