We wanted to let you know about the new PBS profile of Better Markets entitled ‘Breaking the Banks,’. This PBS Need to Know Special features interviews with Michael Masters, Founder and Chairman of the Board of Better Markets, and discussions with CEO and President Dennis Kelleher in our Washington, D.C. office. The show takes a detailed look at the real causes behind the financial crisis, the importance of financial regulatory reform, and Better Markets’ mission as an advocacy group. Rick Karr from PBS also looks closely at how the Too Big to Fail Banks use their economic power to buy to political power which enables them to defund the regulatory agencies that are needed to police them. A link to the PBS Need to Know special is available here. Need to Know is a PBS series that offers a variety of perspectives and commentary on contemporary issues with the motto: ‘less noise, more news.’.
We continue to keep up the pressure on Wall Street, and are regular fixtures on the Hill and in the regulatory community to defend the public interest. This July the House and the Senate are taking a look back at the Dodd Frank Act, and we are testifying to both chambers about the importance of continued efforts to regulate Wall Street.
On July 10th, Better Markets CEO Dennis Kelleher testified in front of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises. His testimony focused on how Wall Street wiped out almost two decades of hard work & prosperity by the American people and began the decline of middle class prosperity in America. Full video coverage of the hearing is available here on the Better Markets website, along with Mr. Kelleher’s full testimony.
Dennis Kelleher will also testify before the Senate Agriculture, Nutrition and Forestry Committee on July 17th at a hearing entitled: ‘Dodd-Frank Wall Street Reform and Consumer Protection Act: 2 Years Later.’ In this hearing he plans to decry the proposed budget cuts for the CFTC.
Better Markets has also taken an active role in commenting on the recent controversies surrounding the Libor rate-fixing scandal and JP Morgan Chase’s ‘London Whale’ proprietary trading loss. Video, audio, and other news resources are linked here in the Better Markets Newsroom.
Thank you for your continued support,
The Team at Better Markets