Tag Archives: Council of Economic Advisers

You’ll Never Guess How Big Banks Want the Fed to Handle the Coronavirus: More Wall Street Deregulation

“Surely, the big banks aren’t craven enough to use COVID-19 as an excuse to lobby for long-sought regulatory rollbacks, right? Wrong!”

By for Common Dreams. Published 3-3-2020

The Bank Policy Institute, a lobbying group for big banks, drew criticism for a policy memo suggesting financial deregulation as a response to the coronavirus outbreak. (Photo: Phillipp/Flickr/cc)

A lobbying group for big banks in the United States came under fire Tuesday from financial industry experts for pressuring federal officials to push through long-sought regulatory rollbacks in response to the worldwide economic concerns sparked by the global coronavirus outbreak.

On Sunday, Bank Policy Institute (BPI) chief executive Greg Baer, head of research Francisco Covas, and chief economist Bill Nelson published a post on the group’s website entitled “Actions the Fed Could Take in Response to COVID-19.” The BPI is a lobbying group whose members include Bank of America, Citigroup JPMorgan Chase, and Wells Fargo. Continue reading

Share Button

With ‘Carefully Calculated Strategy’ to Slash Safety Net Underway, White House Claims War on Poverty ‘Largely Over’

New Trump administration report calls for imposing work requirements for federal benefits programs, which anti-poverty advocates warn would harm poor Americans

By Jessica Corbett, staff writer for Common Dreams. Published 7-13-2018

Photo: Pinterest

Anti-poverty advocates are rejecting a new Trump administration report that ridiculously declares the “War on Poverty is largely over and a success.” In the words of Rebecca Vallas at the Center for American Progress, it is “part of a carefully calculated strategy to reinforce myths about the people these programs help” and “to smear these programs with a dog-whistle of welfare, in order to make them easier to cut.”


Continue reading

Share Button