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As the financial realm continues to self-destruct and devour itself, Bloomberg News tapped the Freedom of Information Act (FOIA) to get to the bottom of a highly suspected "Shitty Deal."
Senator Jack Reed today announced a $15.1 million in federal grants for 25 Rhode Island communities, allowing them to fund Public Housing Agencies for capital improvement projects, including modernization and development of affordable public housing. The grants are awarded through the…
While Bill Halter’s primary challenge of Sen. Blanche Lincon’s seat ultimately failed, there one on huge victory brought about by the race – banking reform. When Progressives attacked Sen. Lincoln for being a corporate shill to the banking industry, we were right, but it also made her well…
Last week Ohio Senator Sherrod Brown introduced an amendment similar to the Lynch Amendment which passed in the House. The amendment would restrict shareholder ownership of the over-the-counter derivatives clearinghouse to no more than 20 percent. It would also prohibit large financial…
On Wednesday the Senate Finance Committee passed what they call Financial Regulation. It is supposed to be a long awaited response to the financial meltdown at the hands of these same people proposing reforms. One senior member, our own Senator Jack Reed, had to put in an amendment to make…
Jack Reed deserves some serious props. He has been one of the strongest champions for the Consumer Financial Protection Agency and has been tough on derivatives reform as well. He well aware that the country's largest banks want to keep the derivatives market as opaque as possible because they…
Jack Reed's recent online forum revealed a bit about what he has been up to across the board, particularly as a high ranking member in the realms of Finance and Armed Services. He is unabashedly pro-war, but that can be saved for another post.
On February 23, 24, and 25, let's flood the Senate with phone calls to demand strong financial regulations.
Peter Asen of Ocean State Action has an excellent Warwick Beacon op-ed calling on Sen. Jack Reed to lead the fight for real financial services reform in the Senate: Now it’s the U.S. Senate’s turn to act, and the industry is redoubling their efforts to prevent or fatally water down the change we…
BRAVO to Sen. Jack Reed for being committed to fighting for a strong consumer financial protection agency to protect consumers in Rhode Island and across the country from the worst practices -- toxic mortgages, sky-high interest rates, absurd bank fees -- of the "too big to fail" Wall Street banks that…






