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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
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
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
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
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
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
As the country marks the 10th anniversary of the Lehman Brothers failure and the beginning of the worst financial crisis since the Great Depression, new polling commissioned by Better Markets, conducted by The... Read More
By Stephen W. Hall, Legal Director & Securities Specialist (appeared on Medium first) Every American expects and deserves at least one thing from their broker: objective financial advice that serves their best interest... Read More
The New York Times Predicted Three Potential Causes of the Next Recession, But Omitted the Critical Role of Deregulation In a recent piece looking at the three most likely causes of the next recession, the New York Times... Read More
The SEC Is Supposed to Protect Investors, Not Take Away Their Rights, Force Them into Secret, Unfair & Biased Arbitration Proceedings, and Let Corporations Keep Tens of Billions of Dollars Stolen From Investors In a... Read More
Following the Consumer Financial Protection Bureau’s (CFPB) dangerous and despicable policies (averaging more than 2 harmful, anti-consumer actions a month) of putting the interests of financial predators ahead of Main... Read More
Huge Profits Prove Again that Dodd Frank Isn’t Hurting Banks, But Banks’ Push for Deregulation Still Intensifies While not setting a new mark for the most profitable quarter ever, as the banks did in the... Read More
Wall Street’s biggest banks are not satisfied with just getting deregulation in the U.S.  They are also fighting for deregulation in other countries, which is exactly what happened in the years before the last... Read More
Today, Trump’s nominee to be the Director of the Consumer Financial Protection Bureau (CFPB) had a contentious hearing in the Senate Banking Committee, where she refused to answer even the most basic and... Read More
July 21st marks the eighth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Implemented in the midst of the worst financial crisis since the Great Depression, Dodd-Frank has helped establish... Read More
The Dodd Frank financial reform and consumer protection act had three core goals: Prevent financial crashes, Wall Street bailouts and another Great Recession; Protect consumers and investors from being ripped off; and... Read More
Wall Street’s Biggest Banks Are Gambling with Derivatives and Evading Regulation Again, Setting Us Up for Another Financial Crash An all-star financial panel of former Federal Reserve Chair Paul... Read More
Trump’s Nomination of Permanent CFPB Director Is Nothing More Than a Shameless Ploy to Continue The Brazen Dismantling of the Nation’s Premier Consumer Protection Agency In a move designed to attract as little... Read More
The wisdom and effectiveness of the Volcker Rule’s ban on proprietary trading can be seen since it was put into place: it has forced banks to shift from bonus-boosting but reckless short-term trading to... Read More
The book is an eye-opening, panoramic, tour de force that connects the dots of what has happened and is happening in America.  It has that rare combination of historical information, in-depth reporting, insightful... Read More