The good news on the Senate financial reform bill these days is that we have a few provisions worth fighting for. Senator Blanche Lincoln (D-Ark.) has introduced [http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP3739: one of the most important] – a bold section in the Dodd bank reform bill (Section 106) that will force the biggest banks to spin off their swaps (or derivatives) desks into a separate entity. That entity will be regulated and can remain part of the bank holding company, but it no longer has access to the Federal Reserve’s flow of funds, FDIC insurance and the taxpayer guarantee. Help us do w hip count to make sure Lincoln’s language passes.
|By: tiffiniycheng Thursday May 6, 2010 8:40 am|
The Brown-Kaufman SAFE Banking amendment has become the single most important amendment to the financial reform bill to end bailouts. It is the most transformative bill because it addresses the problem that too big to fail banks are too big to regulate properly and are able to capture votes in Congress like nobody’s business. Our data crunching shows that Senators who are currently opposed to breaking up the banks receive twice as much in campaign contributions from the finance sector than those who are for “SAFE Banking”
|By: tiffiniycheng Friday April 23, 2010 11:45 am|
Watch as the most corrupt “Too Big To Fail” bank CEOs play a spirited game of “Taxpayer Hold ‘Em” … Not with their money … but with yours! And sign our petition to send the message to Congress that it is time to put an end to taxpayer bailouts once and for all by breaking up the big banks and putting an end to “Too Big to Fail.”
|By: tiffiniycheng Friday April 23, 2010 7:23 am|
Senate Republicans say they’re against both the bailouts and the Democrats’ proposed legislation to end them. They say that Sen. Dodd’s bill would “actually guarantees future bailouts.” It’s time for the Republicans to put up or shut up. Will they make Dodd’s bill better by breaking up the too big to fail banks and putting new rules in place that never let them get so big and systemically risky, or will they shill for Wall Street?
|By: tiffiniycheng Thursday March 4, 2010 8:33 am|
If Wikipedia status means anything, it at least means an idea or word has been said enough times to become a meme. And so, after all my work and the work of thousands of people, normal and fancy, over the past year, the Big Four is at least a meme.
|By: tiffiniycheng Thursday February 11, 2010 8:25 am|
That big bank you’re in a relationship with is abusive.
It’s time to break up.
This Valentine’s Day, end your relationship with the 4 big banks that have a stranglehold on the country.
You and your friends shouldn’t get screwed over by the big banks any longer — take your money out of the big banks.
|By: tiffiniycheng Tuesday February 2, 2010 9:01 am|
A big party for bankers is happening right now in DC. About 4,000 will convene. Their president has also received the Center for Media and D’s Golden Throne Award! He wears it well — they have been working on a grassroots campaign to blunt our “populist outrage” and water down reforms that they “support”. Please read — some good DIRT.
|By: tiffiniycheng Friday January 29, 2010 3:53 pm|
Obama’s speech was either Root canals, Rhetoric or real reform. Written by Mary Bottari.
|By: tiffiniycheng Tuesday January 26, 2010 12:33 pm|
This is an important week to focus on Bernanke’s reconfirmation. He runs the central bank, which up to now acts like a feeding trough for the big banks. With Bernanke gone, we can develop momentum to democratize the fed in order to make the central bank work for the public’s interest and JOBS!
|By: tiffiniycheng Tuesday January 19, 2010 9:29 am|
Dodd caught dancing with the big banks, video and petition asking Dodd to stop dancing with them on his taxpayer salary.