As Congress Takes Up Sweeping Financial Reform, Report Urges Fundamental Change of Ratings Agency Model
Washington, DC — With the House of Representatives and a key Senate committee poised to vote on sweeping financial industry reforms, a new report by Demos finds that the proposed remedies fail to fully address the problems that led the credit rating agencies to become key enablers of the housing bubble and Wall Street meltdown.
K. Sabeel Rahman and Hollie Russon Gilman's new book, Civic Power, calls for a broader approach to democratic reform, offering a critical framework and concrete suggestions to support those reforms that meaningfully redistribute power to citizens.
On this Haitian Independence Day, the world must recognize Haiti and her people not only for their struggle, but also for their ingenuity, their resolve and their courage.
Washington, DC — Today, thousands of Americans are gathering on the streets of Chicago to march against financial service industry excess that has cost the American taxpayers trillions of dollars, destabilized the economy and undermined the stability of millions of US households.
In response to the public outcry against excesses in the financial services industries, dubbed "The Showdown in Chicago", the following statement was issued from Heather McGhee, director of the Washington DC, Office for the public policy and research center Demos:
In the last ten days, the House has passed two much-needed bills for Black and brown people and working people of all backgrounds. The PRO Act, is the most far-reaching reshaping of U.S. labor law in decades. The CREDIT Act would overhaul the nation’s credit reporting system.
The global coronavirus pandemic threatens to disrupt the Presidential
Preference Primary election in Florida. The extension of vote-by-mail options and other accommodations at polling places is necessary.