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Americans for Financial Reform

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This article is part of the Real Economy Project. Take action at BanksterUSA.org.

Americans for Financial Reform is a group that is working for reform in the banking and financial system. It describes itself as "a coalition of more than 250 national, state and local consumer, labor, investor, civil rights, community, small business, and senior citizen organizations that have come together to spearhead a campaign for real reform. Together, we are fighting for a banking and financial system based on accountability, fairness and security. The reckless and greedy behavior of big Wall Street banks caused a financial crisis that is costing us millions of jobs, billions of dollars in taxpayer funded bailouts, and trillions of dollars in lost homes and lost savings."[1]

Reforms they want

From their website, reforms they are pushing for:[1]

  • Fair rules of the road for consumers, and a strong, effective Consumer Financial Protection Agency to set basic safety standards and protect families - and the market as a whole - from loans designed to trick and trap customers.
  • A banking system that helps people buy and stay in their homes and invests in communities and businesses to create good jobs and strong neighborhoods.
  • An end to big bank bailouts and megabanks that are "too big to fail."
  • Transparency for all financial products and markets, and an end to the casino economy, so that Wall street can't keep making "heads they win, tails we lose" bets with our money.
  • Executive compensation that rewards long-term value creation, not excessive risk-taking, and shareholder votes on executive pay.
  • The democratization of the Federal Reserve, so that it is transparent and accountable to the public and independent of banking industry control.

Members

Coalition members include:[2]

Personnel

Contact details

1629 K Street NW, 10th floor
Washington, DC 20006
Phone: 202-466-3311
Email: info AT ourfinancialsecurity.org
Web: http://ourfinancialsecurity.org

Articles and resources

Related SourceWatch articles

References

  1. 1.0 1.1 About page, Americans for Financial Reform website, accessed November 2010.
  2. Coalition members, Americans for Financial Reform website, accessed November 2010.
  3. Staff, Americans for Financial Reform website, accessed November 2010.

External resources

External articles

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