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Showing blog posts tagged with Wall Street

House Bill Would Block DOL Rule to Protect Workers’ Retirement Savings

Photo via Alliance for Retired Americans.

A bill (H.R. 2374) set for a vote in the House Tuesday would delay and could ultimately thwart the Department of Labor’s effort to protect workers’ retirement security. The DOL wants to close loopholes and update the rule that protects workers from deceptive or abusive practices whenever they seek investment advice about their retirement savings

Call Congress at 1-888-912-5898, ask for your representative’s office, and urge him or her to protect workers’ retirement security and oppose H.R. 2374.

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Trumka Says Wall St. Has Not Been Asked to Contribute a Dime in the Name of 'Shared Sacrifice,' Revenue Neutral Tax Reform Is 'Offensive'

Photo by Kevin Dooley/Flickr

AFL-CIO President Richard Trumka called on corporate America today to pay its fair share, saying, "At a time when the 1% have demanded so much sacrifice from working people in the name of deficit reduction, we must ask something of big corporations. That means “revenue positive” corporate tax reform that raises significant amounts of new tax revenue."

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SEC Opens the Door to Hedge Fund Advertising, Repeals Investor Protections Dating Back to the Great Depression

Despite the objections of investor advocates, the Securities and Exchange Commission (SEC) finalized a rule that will lift a decades-old ban on advertising by hedge funds. The original prohibition on such advertising dated back to Great Depression and protected people from investment scams.

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What Would You Do if the Bank Stole Your Home?

Wall Street wrecked the economy, and banks are still refusing to work with people who are trying to stay in their homes. The Campaign for a Fair Settlement, along with other partners, is calling on President Obama to champion an agenda that would:

1. Hold bankers accountable for their crimes.

2. Keep people in their homes by resetting their mortgages.

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100 Days to Fix What Wall St. Broke: Painful to See American Dream 'Rot Away'

100 Days to Fix What Wall St. Broke: Painful to See American Dream 'Rot Away'

Wall Street wrecked the economy and banks still are refusing to work with people who are trying to stay in their homes. The Campaign for a Fair Settlement, along with other partners, is calling on President Obama over the next 100 days to champion an agenda that would:

1. Hold bankers accountable for their crimes.

2. Keep people in their homes by resetting their mortgages.

Sign the petition here

______________________

Diane McCloud shared her story about her home underwater. Read more from 100 Stories of What Wall Street Broke:

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100 Days to Fix What Wall Street Broke

Wall Street wrecked the economy and banks are still refusing to work with people who are trying to stay in their homes. The Campaign for a Fair Settlement, along with other partners, is calling on President Obama over the next 100 days to champion an agenda that would:

1. Hold bankers accountable for their crimes.

2. Keep people in their homes by resetting their mortgages.

Sign the petition here

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Sen. Hatch Leaves a Ransom Note in the Fiscal Showdown Fight

Photo courtesy of love4utah's Flickr photostream.

Calling something a “bipartisan reform” is quickly becoming Washington-speak for “cutting your health care and retirement benefits.”

In this next phase of the fiscal showdown, Republicans are continuing to threaten to tank the economy, starting with demands they want in exchange for more tax giveaways for the wealthiest 2%.

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You Are Now Entering the Mallory Factor Spin Zone

Photo by eyewashdesign A. Giolden/Flickr

After Mallory Factor appeared on "Morning Joe" this morning, Jeff Hauser sends us this report.

What type of person comments on a generation of declining union membership and increasing inequality and blames unions?

What type of person looks back at America’s economy—after decades of deregulation followed by economic bubbles and misery for the 99% of people who work hard for a living—and blames unions?

It takes someone who combines an ear for dishonest public relations spin with a large wallet linked to the continued enrichment of Wall Street tycoons.

Mallory Factor is someone who understands that the banking industry’s bad reputation for destroying the world’s economy requires a diversion, a scapegoat. That he would write a book focusing on blaming unions, rather than his Wall Street peers, is entirely

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Which Greedy Banker Said It? Play the Wall St. Quotes Game

Carrie Sloan

At the height of the Wall Street financial scandal that rocked this country into near economic ruin, bankers were ablaze with greed. To mark the approaching two-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the think tank Demos has compiled some of the more colorful quotes from this group and challenges you to guess who said them.

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