Broad group of public interest and labor organizations applaud the Dept. of Labor’s push to protect Americans’ retirement savings

Jay Owen Reforming Global Finance, SRI/ESG News

Financial Reform Newsletter September 24, 2014   Broad group of public interest and labor organizations applaud the Dept. of Labor’s push to protect Americans’ retirement savings: Millions of hardworking Americans who have spent years saving for retirement are receiving financial guidance from professional advisers who are not obligated to act in …

Broad group of public interest and labor organizations applaud the Dept. of Labor’s push to protect Americans’ retirement savings:

Jay Owen Reforming Global Finance, SRI/ESG News

Financial Reform Newsletter September 24, 2014   Broad group of public interest and labor organizations applaud the Dept. of Labor’s push to protect Americans’ retirement savings: Millions of hardworking Americans who have spent years saving for retirement are receiving financial guidance from professional advisers who are not obligated to act in …

Better Markets: Wall Street’s too-big-to-fail banks

Jay Owen Reforming Global Finance

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

Jay Owen Reforming Global Finance, SRI/ESG News

  Financial Reform Newsletter July 10, 2014 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 …

Infrastructure Sticker Shock: Financing Costs More than Construction

Jay Owen Reforming Global Finance, Community Development Solutions

Funding infrastructure through bonds doubles the price or worse. Costs can be cut in half by funding through the state’s own bank. “The numbers are big. There is sticker shock,” said Jason Peltier, deputy manager of the Westlands Water District, describing Governor Jerry Brown’s plan to build two massive water tunnels through …

The Global Banking Game Is Rigged, and the FDIC Is Suing

Jay Owen Reforming Global Finance

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. According to an SEIU report: Derivatives . . . have turned …

Fighting Wall Street in the rulemaking process to protect Main Street.

Jay Owen Reforming Global Finance, SRI/ESG News

  Financial Reform Newsletter April 3, 2014 Fighting Wall Street in the rulemaking process to protect Main Street. A funny thing happened on the way to preventing another financial crash and more wall street bailouts.  It’s called the rulemaking process, which is required to implement much of the financial reform law …

Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins

Jay Owen Reforming Global Finance

Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins   Ellen Brown http://EllenBrown.com March 29, 2014     “As things stand, the banks are the permanent government of the country, whichever party is in power.”   – Lord Skidelsky, House of Lords, UK Parliament, 31 March 2011)     On …

Financial Reform Newsletter :Another week, another too-big-to-fail bank pays billions to settle yet more claims for fraudulent and illegal conduct for contributing to the 2008 financial crash.

Jay Owen Reforming Global Finance

  Financial Reform Newsletter March 28, 2014   Another week, another too-big-to-fail bank pays billions to settle yet more claims for fraudulent and illegal conduct for contributing to the 2008 financial crash.  It was announced this week that Bank of America is paying $6.3 billion (and buying back an additional $3.2 billion …