Would you trust a lawyer to represent you in a dispute if he or she was getting paid by the other side? Certainly not, but that is the very scenario many hardworking Americans face when seeking investment advice from certain financial advisers to plan for retirement. Millions of professional financial …
Better Markets: Wall Street’s too-big-to-fail banks
Why do almost all companies finance themselves mostly with equity, but Wall Street’s too-big-to-fail banks finance themselves almost 100 percent with borrowed money (debt), making them very unstable and at high risk of failure even if they only have tiny losses? Because those handful of gigantic banks (only 9 banks in the …
BETTER MARKETS: Financial Reform Newsletter – “More Wall Street settlements are coming”
As the media reports that more Wall Street settlements are coming, Better Markets continues to fight for accountability on Wall Street and at the Justice Department, urging a federal court to require DOJ to tell the American people what JPMorgan Chase did in causing the 2008 Financial Crisis: Pushing forward with …
Better Markets: New Fed rules will protect U.S. taxpayers and the global financial system.
banks to comply with the same capital standards as U.S. global financial system. While the EU criticized the Fed for a rule that will impact a few large European banks, the wall street Journal argued that the vote “could be a race to the top of the regulatory tree,” with the …