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SOLD OUT REPORT:
Sold Out: How Wall Street and Washington Betrayed America
(PDF - 3 MB)
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Press Release and
News Coverage
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Executive Summary
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Highlights of the report's campaign contribution and lobbyist data
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Report Introduction by Harvey Rosenfield
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Speculation tax on financial transactions
WHEN: Monday, January 25, 2:00 p.m. EST
WHERE: Cannon House Office Building, Room 121 (Independence Ave. & First St., S.E.) Washington, DC
WHO: Robert Weissman (president of Public Citizen – moderator);
Dean Baker (co-director of the Center for Economic Policy Research, analyst and commentator);
Robert Pollin (professor and co-director of the Political Economy Research Institute, University of [...]
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What to do with Fannie and Freddie Roundtable Discussion
What to do with Fannie and Freddie Roundtable Discussion
9:00: Coffee & Bagels
9:25: Welcome by Ralph Nader
9:40: Sarah Rosen Wartell, Executive Vice President, Center at American Progress
10:10: William Shear, Director, Financial Markets and Community Investment, Government Accountability Office: “Analysis of Options for Revising the Enterprises’ Structures”
10:40: Peter Wallison, Arthur F. Burns Fellow in Financial Policy Studies, [...]
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Why U.S. Financial Markets Need a Public Credit Ratings Agency
This Wall Street Watch Working Paper emphasizes the significant role of the major private credit rating firms in creating the housing bubble and subsequent financial crash of 2007-2008. M. Ahmed Diomande, Secretary of the New York State Senate Finance Committee, and University of Massachusetts, Amherst Profesors James Heintz and Robert Pollin recommend the creation of a public credit ratings agency that would operate free of the perverse incentive system that distorts the work of private firms.
Download Why U.S. Financial Markets Need a Public Credit Ratings Agency
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Financial Concentration
In this Wall Street Watch Working Paper, Jane D’Arista of the Political Economy Research Institute at the University of Massachusetts, Amherst, details the industry concentration in the U.S. financial sector over the last several decades, analyzes the problem of “too big to fail” institutions, and recommends measures to address industry concentration.
Download Financial Concentration PDF
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A Financial Precautionary Principle: New Rules for Financial Product Safety
This Wall Street Watch working paper by Professors James Crotty and Gerald Epstein, of the University of Massachusetts, Amherst, urges that complex financial products be required to obtain approval from a government regulatory authority before they can be marketed.
Download A Financial Precautionary Principle: New Rules for Financial Product Safety (PDF)
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