News Archives » financial crisis
Why We Need a Consumer Watchdog January 19th, 2010
Americans for Financial Reform have a good video on why a consumer watchdog agency is so essential to our financial security.
House Passes Wall Street and Consumer Protection Act December 11th, 2009
The House of Representatives just passed important legislation designed to reign in the abuses that led to the recent financial meltdown. H.R.4173, the Wall Street Reform and Consumer Protection Act of 2009 tightens regulation of Wall Street and the financial sector. It creates a new agency with oversight of consumer lending, establishes new rules for transactions – like derivatives – that contributed to the meltdown, and seeks to reduce the threat that one or two huge companies on the verge of collapse could bring down the economy (too big to fail).
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Stand Up Against Poverty September 26th, 2009
Millions of people around the world will Stand Up and Take Action from October 16 to 18 to show their support for the fight against poverty and for the achievement of the Millennium Development Goals (MDGs).
This year a deepening financial crisis and a slowing global economy pose great challenges for development in general and for the MDGs in particular.
In 2007, 47 million people Stood Up. Last year, 116 million people Stood Up and Took Action.
Join them in 2009. For information and suggestions go to www.standagainstpoverty.org
Lift the Debt Burden on Poor Countries September 21st, 2009
Without debt relief, the developing world has little hope of economic progress, say the Rev. John Welch* and Ruth Messinger*.
The two members of Jubilee USA argue for debt cancellation in the poorest countries in a compelling article published in the Pittsburgh Post Gazette on the eve of the G-20, the international financial summit being hosted by President Obama.
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Civil Society Groups Urge President Obama to Press for Greater Financial Regulation September 21st, 2009
The Missionary Oblates joined with over 50 organizations representing some eight million Americans in sending a letter to President Obama urging him to advocate for strong regulation needed to prevent future financial crises.
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