Blog
March 18, 2019
The Financial Stability Oversight Council (FSOC) was an innovation created by Dodd-Frank in response to several clear lessons learned in the 2008 crash. It was primarily to ensure that
(1) all financial regulators... Read More
March 5, 2019
Will altering the frequency of big bank stress tests from annual to every other year leave the big banks less prepared for a future financial crisis? That is the question addressed in comment letters filed by... Read More
February 27, 2019
SEC Doesn’t Take Away Ripped Off Shareholders’ Rights …..Yet
There’s some good news to report in the fight to preserve ripped off shareholders’ rights to seek justice in court, rather than... Read More
February 26, 2019
To protect Main Street Americans -- consumers, investors, homeowners, students, soldiers, retirees and the elderly -- from predatory financial behavior and financial instability that can lead to devastating financial crashes... Read More
February 1, 2019
Despite their protests that more and more deregulation is needed to ensure their strength, it was reported that for the first time since the years before the 2008 financial crisis, there was not a single bank... Read More
January 30, 2019
Fighting for the right for all Americans to have their day in court, Better Markets joined lots of other advocacy groups in a letter to SEC Chairman Jay Clayton, urging him to reject a pending attempt to take away... Read More
January 28, 2019
The Road to the White House Goes Through Main Street, Not Wall Street
As we wrote about recently, one of the most important ways to judge the 2020 candidates is not by their campaign trail rhetoric, but by their... Read More
January 14, 2019
Biggest Wall Street Banks Kill Fed Nomination, Demand Dangerous Deregulation
The Trump administration nominated one of the most qualified people possibly ever to the Federal Reserve Board last September, Nellie... Read More
January 14, 2019
Phony IPO Drought Now A Flood
Remember all those stories about how there were no IPOs in the US and the SEC had to deregulate even more, supposedly to attract IPOs? This was, of course, just the latest baseless... Read More
January 14, 2019
Axios/MSM Bizarrely Omit Wall Street from Stories on Capitalism and Economics
Mike Allen in Axios had a timely and important lead piece on “Capitalism’s Comeuppance” in his AM Newsletter on December 30,... Read More
January 7, 2019
Presented in chronological order, here are the top stories from 2018:
#1) Reuters: U.S. appeals court voids Obama-era 'fiduciary rule'
#2) Bloomberg: Why Mad Shareholders May No Longer Get a Day in... Read More
November 19, 2018
The creators of the credit score, Fair Isaac Co. (FICO), have unveiled a new way to determine your credit score, the result of which will a massive increase in bank loan activity, with loans going to applicants with a less-... Read More
October 30, 2018
Letter from Better Markets to Senator Mike Crapo, Chair of the Senate Committee on Banking, Housing and Urban Affairs and Senator Sherrod Brown, Ranking Member of the Senate Committee on Banking, Housing and Urban... Read More
October 23, 2018
The Fed’s current policy of increasing interest rates has, and will continue to, hurt Main Street families was the central point in a speech delivered by Better Markets president and CEO Dennis Kelleher to... Read More
October 18, 2018
Introduction
Although still a work in progress, this is a comprehensive and frequently updated webpage for all things Volcker Rule, including proposed rules, comment letters, analysis, media, presentations and much more.... Read More
October 15, 2018
What You Think You Know About TARP and Wall Street’s Biggest Banks Is Wrong
Ten years ago this Saturday, on October 13, 2008, the CEOs of the biggest banks in the U.S. were summoned to a meeting at the Treasury... Read More
October 10, 2018
By Dennis M. Kelleher and Jack Reidhill
(first appeared on Medium)
As the country’s financial system spiraled out of control, ten years ago today President George W. Bush signed into law the... Read More
October 9, 2018
Slapping Voters in the Face, Republicans Mindlessly Push for More Financial Deregulation
In May, President Trump signed a law deregulating 26 of the largest 40 banks in the country. Many were the same banks that... Read More
September 27, 2018
The Media’s Role in the 2008 Crash Included Enriching Itself Rather than Informing the Public
There was a terrific book a couple of years ago entitled “The Watchdog That Didn’t Bark: The Financial... Read More
September 24, 2018
A financial deregulation bill recently signed by President Trump ended many of the key financial protection rules on 21 of the 40 biggest banks in the country, those with $100-$250 billion in assets. On top... Read More