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It is with great sadness that we announce the passing of Senior Fellow Wallace C. Turbeville, a beloved member of the Demos family since 2012. Wallace “Wally” Turbeville was among our country’s most respected and influential thought leaders and advocates for systemic financial reform as a core fight
Blog
Heather C. McGhee
“Super PACs likely encouraged more candidates to get into the 2016 GOP presidential race,” said Jay Goodliffe, a political science professor at Brigham Young University. “Even if their polls were not initially good, or there were other setbacks, the super PAC could help keep them afloat.”
In the media
Michael Beckel
The Federal Reserve just released the minutes of its December meeting at which the Fed Funds rate was increased, for the first time in years, by 0.25 percentage points. The vote was unanimous, but the minutes show a great deal of concern that lower unemployment rates have not moved inflation from
Blog
Wallace C. Turbeville
Bernie Sanders rang in the New Year with a rally in downtown Manhattan renewing his call to break up the big banks and jail executives who break laws. He also distilled the damage done by a predatory unconstrained economy into a single theme: for a long time, the rich have been getting richer as
Blog
Wallace C. Turbeville
New Demos Proposal Details How to Direct Capital Investments into America’s Long-Term Infrastructure and Sustainability Needs
Press release/statement
The demonized banking industry must make the case it is morally noble. That may jar some ears, but surely enabling retirees to earn a return on their savings and funding business expansion creating jobs and wealth, improving Americans’ quality of and opportunities in life is morally noble. — Eric
Blog
Wallace C. Turbeville
Bill Clinton's interview provoked Wallace Turbeville, a former lawyer and investment banker turned financial reform advocate, to contradict him. "His statement is flat wrong," Turbeville wrote in a blog post for the liberal think tank Demos. "The Graham-Leach-Bliley Act that President Clinton signed
In the media
Darrell Delamaide
How would you like to have an extra $155,000 to spend during your retirement years?
In the media
Maryalene LaPonsie
Image
Former President Bill Clinton at a rally
The 2008 financial crisis was no accident. It was the result of a decades-long deregulation effort, lobbied for by the financial industry and executed by our political institutions. Now, as the facts of the financial collapse fade from memory, some would rather rewrite their part in history than
Blog
Wallace C. Turbeville
An Executive Order From President Obama Requiring Government Contractors to Disclose Political Spending Would Promote Racial Equity
Press release/statement