Tiffiniy Cheng's News Articles

Defend Derivatives Reform

by Tiffiniy Cheng — May 19, 2010 - 12:11pm
  • Topics: Banking, BanksterUSA, Economy, Politics

    • UPDATE ON THE BANKING FRONT: The only thing with teeth left in the Dodd financial reform bill -- provisions introduced by Arkansas Senator Blanche Lincoln that would force the biggest banks to spin off their swaps (or derivatives) desks into separate entities -- may be taken out without even getting a vote. It may be stripped out via a Dodd "manager's amendment," which is being created privately in negotiations with Senators. A manager's amendment is a package of numerous individual amendments agreed to by both sides in advance.

    Right now is an important moment to call Senator Lincoln's office and tell her to defend her original language to end federal and taxpayer backing for reckless Wall Street gambling. You can reach her office at (202) 224-4843.

    Lincoln, Chief Architect of Massacre?

    by Tiffiniy Cheng — May 18, 2010 - 2:29pm

    Guest piece by Tiffiniy Cheng, co-founder of "A New Way Forward"

    UPDATE: We are winning this one. Our effort to call for a filibuster of any amendment to kill Lincoln's language on structural reform has worked -- Senator Dodd is pulling out his late-night, backroom amendment to kill Lincoln. We're in the home stretch. Please keep calling your senators to call for a filibuster of any amendments that strip Lincoln's language.

    Our effort to fight for the only thing with teeth left in the Dodd bill, is going to be taken out without even getting a vote. It's probably going to be stripped via a Dodd manager's amendment, which is being created privately in negotiations with Lincoln, Shelby and likely dozens of bank lobbyists.

    Right now is an important moment to call Senator Blanche Lincoln's office and tell her to defend her original language to cut federal support for banks' swap desks. You can reach her office at (202) 224-4843.

    Take on the K St. Bank Lobby on Monday!

    by Tiffiniy Cheng — May 13, 2010 - 2:15pm

    Guest piece by Tiffiniy Cheng, co-founder of "A New Way Forward"

    If you're sick of lobbyists and their bought off legislators, come to the next showdown in Washington DC. Next Monday (May17th) at 11:45 AM, it's time we go right after some of the most powerful people in the world -- the bank lobbyists who work on K Street. The campaign for fixing Wall Street has grown tremendously in the past year. It's now or never to show that we, the public, want our big banking problems fixed, not dodged. Meet at 15th and K Street.

    FOR MORE INFORMATION SEE THE SHOWDOWN IN AMERICA SITE.

    The Problem with the Revolving Door - It Brought Us Too-Big-To-Fail

    by Tiffiniy Cheng — December 30, 2009 - 1:16pm
  • Topics: Banking, BanksterUSA, Economy, Real Economy Project

    • Tiffiniy Cheng is guest blogging this week. She is the campaign coordinator for "A New Way Forward" and founder of "Open Congress."

    Bailouts and political connections go hand in hand according to a just released academic study. The study, which was conducted by the Ross School of Business at the University of Michigan researchers, shows concretely that lobbying, campaign contributions, and the finance/federal government revolving door has helped the most damaging banks despite the dangers they pose to our economy.

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