November 9, 2009

Fight The Financial-Industry Thugs

Liz Pulliam Weston, MSN Money

Send to a Friend

The bullies who nearly ruined the economy are now trying to kill a proposed agency that would protect US consumers. Don't let lawmakers sell you out again, folks.

Toxic financial products aren't dangerous just to those of us who borrow and invest. They can, and nearly did, blow up the whole economy.

Yet bankers, lenders and more than a few politicians are trying to convince us that sensible regulation of consumer financial products is somehow a bad idea.

What would the Consumer Financial Protection Agency do?

The latter are the people who engineered a system that entraps consumers and sets them up to fail. And they could win this battle, too. But you can fight back by taking 60 seconds to e-mail your lawmakers and let them know you won't be sold out...

Read Full Article ››

TAGGED: regulation, Liz Pulliam Weston

RECOMMENDED ARTICLES

May 15, 2012
Let's Bring Back Glass-Steagall
David Weidner, MarketWatch
NEW YORK (MarketWatch) — Jamie Dimon is right. Regulation is making things worse on Wall Street. The Dodd-Frank Act has cost banks hundreds of millions in profits and has done nothing to prevent: more »
May 17, 2012
Despite a $3B Loss, Dimon Fights Regulations
Editorial, New York Times
When he disclosed a stunning $2 billion trading loss at JPMorgan Chase last week, Jamie Dimon, the bank’s chief executive, insisted that the trades had not violated the Volcker Rule, a crucial part of the Dodd-Frank reform... more »
May 13, 2012
Why You Can't Get a Taxi
Megan McArdle, The Atlantic
What I’m describing is a classic market failure: people who are willing to do business together can’t make it happen. If taxis and passengers only knew how to find each other, and could strike deals that would... more »
This speech was presented at the Jonathan Club in Los Angeles in December of last year.  As all of you know, the title of my speech is "Government Barriers to Economic Growth." Importantly, it's government barriers that... more »
May 8, 2012
Money Market Reform's Very High Stakes
Hester Peirce, RealClearMarkets
People passing through Washington, D.C.'s Union Station can't help but notice the ad campaign urging the preservation of the regulatory status quo for money market funds. . . more »