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The Merkley-Levin proposal would target major Wall Street banks, such as Goldman Sachs and Morgan Stanley, which became bank holding companies in 2008 at the height of the financial crisis.

Industry lobbyists and congressional aides have suggested, however, that Goldman Sachs and Morgan Stanley could shed their bank holding companies and in the future escape the outright ban. They would still be subject to potentially higher capital requirements set by the Fed.

Demos Report Called for Clearinghouse to End Incentives for Inflated Ratings

New Brief Shows Young Americans Need Wall Street Reform

Washington — Young Americans face "lasting damage" from the dual crises in the financial sector and in personal finance, making it urgent that Congress pass strong financial reform legislation.

Over nine out of 10 senior households of color do not have sufficient economic security to sustain themselves through their projected lives.

Washington — Senator Al Franken (D-MN) has introduced a financial-reform amendment that finally addresses the root problem of the credit rating agencies—their built-in conflict of interest. The "Restore Integrity to Credit Ratings" amendment, co-sponsored by Senators Charles Schumer (D-NY) and Bill Nelson (D-FL), substantially embraces a remedy set forth in a recent Demos policy paper on this subject.

Cleveland — Ohio's young adults will continue to face a tough economy--one ravaged not only by recession but also by 30 years of declining opportunity and security for all but the most highly educated and affluent, according to a new report by Policy Matters Ohio and the national policy center Demos.

Call out Wall Street for its Abuses and Army of Lobbyists Fighting to Block Needed Protections

Demos, headquartered in New York City, grew out of a series of meetings of scholars, activists, journalists and elected officials who were concerned about the ever-increasing influence of the right on public policy. "The thinking was that there should be more moderate, liberal and left-of-center voices," said Miles Rapoport, the group's president. The group was formed in 2000, a year that would later see the disputed election that gave the presidency to Mr. Bush.

One person, one vote? Not in Connecticut. Not in most places.

When the bill had its first hearing at the Capitol last week, only one person testified. Brenda Wright, who works for Demos, a research and policy organization, told the judiciary committee that "crediting incarcerated people to the wrong location has the unfortunate and undemocratic result of creating a system of ‘representation without population.'"