Media

Too Big To Fail Lives Despite Reform Bill

The resolution authority proposal is "a bit of a red herring" when it comes to credible ways to end TBTF, said Heather McGhee, Washington director of Demos, a public policy organization. It won't work, she said.

The Census Bureau should be commended for taking action. "For too long, communities with large prisons have received greater representation in government on the backs of people who have no voting rights in the prison community," said Brenda Wright, director of the Democracy Program at Demos, a research and advocacy organization. "The Census Bureau's new data will greatly assist states and localities in correcting this injustice."

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