Financial Regulation

Financial Regulation

Commentary

Why #OccupyWallStreet?

October 07, 2011

History Repeats Itself on Financial Reform

July 12, 2011

The History of Consumer Protection Scares

September 09, 2009

Cry Wolf Quotes

It would help me by driving 85 per cent of my competitors out of business, if I could manage to keep out of Atlanta or Leavenworth myself.

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Steve Pearce, biggest wire broker of the time, on creation of SEC

You are right to be indignant. The fact is the system is not working right. It is not right when we have so many people without jobs... It is not right that we are throwing people out of their houses when we have so many homeless... [Our financial markets are] supposed to allocate capital, manage risks. But they misallocated capital, and they created risk. We are bearing the cost of their misdeeds. There's a system where we've socialized losses and privatized gains. That's not capitalism; that's not a market economy. That's a distorted economy, and if we continue with that... we won't succeed in creating a just economy.

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Joseph Stiglitz, Economist and Nobel Laureate, speaking to Occupy Wall Street protesters in Zuccotti Park on October 2, 2011.
10/03/2011 | Full Details | Law(s):

Main Street non-financial businesses would be hit with taxation, regulation, and possible nationalization by the Federal Reserve.

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Group letter signed by conservative groups including Americans for Tax Reform and Tea Party Express

Congress, the administration and the states must recognize that our weak economy simply cannot sustain all the new taxes, regulations and mandates now under consideration. It is a surefire recipe for a double-dip recession or worse.

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Thomas Donohue, President of the Chamber of Commerce

Backgrounders & Briefs

Industry Repeats Itself on Financial Reform

As the nation approaches the first anniversary of the Dodd-Frank financial reform law, opponents are claiming that the new measure is extraordinarily damaging, especially to Main Street. But industry’s alarmist rhetoric bears striking resemblance to the last time it faced sweeping new safeguards: during the New Deal reforms. The parallels between the language used both then and now are detailed in a report released today by Public Citizen and the Cry Wolf Project.

Resources

Political Economy Research Institute is a think tank focused on a variety of subjects such as diverse financial regulation, living wages and environmental protection.

Consumer Federation of America defends the consumer interest in fields ranging from housing and financial services to food safety. 

The Service Employees International Union represents workers the public sector and a variety of industries in the United States.

The National Community Reinvestment Coalition works against unfair lending and banking practices, particularly those targeted towards low and middle income families.