Related Issues
Experts
- Ann Lee - Senior Fellow
- James Gustave "Gus" Speth - Distinguished Senior Fellow
- Robert Kuttner - Distinguished Senior Fellow
- Ann Lee - Senior Fellow
- Tamara Draut - Vice President of Policy and Programs
- Heather C. McGhee - Director, Washington Office
About Financial Reform
Over the last 25 years, America has had a very one-sided conversation about government oversight and regulation of the economy. Over the last year, however, a new, and very painfully acquired opening for discussion is emerging. Events have transpired that are challenging the standing of the last generation's conventional wisdom about regulation. Demos seeks to play an important role in this new conversation.
The managed form of capitalism that protected citizens, ordinary workers and their families between the 1930s and the 1970s has been systematically dismantled over the past three decades, often with the support of both major parties. The rationale offered by free-market economists and influential corporations is that this shift makes the economy more efficient, and increases consumer choice. We've now had a 30-year natural experiment--in the financial services arena, in electricity, labor and airlines, to name a few--to test that set of claims.
Through the Effective Regulation for the 21st Century Project, Demos is undertaking the ambitious effort of creating a broad, values-based initiative to weigh the claims made for deregulation against the actual record, and to restate the case for a managed form of capitalism as necessary both for equity and for efficiency. We believe that this is the absolute right moment for this initiative, and that, well done, it can open up the political space for a far healthier debate and dialogue than has been possible in the past.
Financial Reform
President Obama Signs Landmark Wall Street Reform and Consumer Protection Bill President Obama has signed new law which reverses decades of misguided deregulation that has allowed the financial industry to lose sight of its core function: serving the real economy, not the other way around. Read More | Jul 21, 2010 |
Demos Supports Elizabeth Warren to Head New Consumer Protection Bureau "The appointment of, and a vote for, Elizabeth Warren," says Demos President Miles Rapoport, "...will be a vote for America's Middle Class. Read More | Jul 20, 2010 |
Senate Passes Landmark Financial Reform Bill
Read More | Jul 15, 2010 |
In a historic move, the U.S. Senate by a vote of 60-39 passed the Wall Street Reform and Consumer Protection Act, reigning in some of the most egregious practices of banking industry that led to the recent financial meltdown.Congressional Committee Promises to Overhaul Credit Ratings Agencies A House-Senate conference committee agreed yesterday to eventually provide an answer to the basic problem of the credit-rating agencies--their built-in conflict of interest.
Read More | Jun 16, 2010 | Related Resources The Rating Agencies and the Franken Amendment: Questions & Answers Learn More about Financial Reform |
Senate Turns the Page on Three Decades of Misguided Deregulation The Senate's passage of comprehensive financial reform establishes new rules for Wall Street and safeguards for consumers that are critical to rebuilding America's Middle Class. Read More | May 21, 2010 |
Research
Analysis & Opinion
Multimedia
Advocacy
In the News
Events
[ 220 Fifth Ave., 5th Flr. New York, NY 10001 | 212.633.1405 | info@demos.org ]
Home | About | Contact | Newsroom | Privacy Policy | Reprint Permission