The Merkley-Levin proposal would target major Wall Street banks, such as Goldman Sachs and Morgan Stanley, which became bank holding companies in 2008 at the height of the financial crisis.
Industry lobbyists and congressional aides have suggested, however, that Goldman Sachs and Morgan Stanley could shed their bank holding companies and in the future escape the outright ban. They would still be subject to potentially higher capital requirements set by the Fed.
New Brief Shows Young Americans Need Wall Street Reform
Washington — Young Americans face "lasting damage" from the dual crises in the financial sector and in personal finance, making it urgent that Congress pass strong financial reform legislation.
Washington — SenatorAl Franken (D-MN) has introduced a financial-reform amendment that finally addresses the root problem of the credit rating agencies—their built-in conflict of interest. The "Restore Integrity to Credit Ratings" amendment, co-sponsored by Senators Charles Schumer (D-NY) and Bill Nelson (D-FL), substantially embraces a remedy set forth in a recent Demos policy paper on this subject.
Cleveland — Ohio's young adults will continue to face a tough economy--one ravaged not only by recession but also by 30 years of declining opportunity and security for all but the most highly educated and affluent, according to a new report by Policy Matters Ohio and the national policy center Demos.
Demos, headquartered in New York City, grew out of a series of meetings of scholars, activists, journalists and elected officials who were concerned about the ever-increasing influence of the right on public policy. "The thinking was that there should be more moderate, liberal and left-of-center voices," said Miles Rapoport, the group's president. The group was formed in 2000, a year that would later see the disputed election that gave the presidency to Mr. Bush.
One person, one vote? Not in Connecticut. Not in most places.
When the bill had its first hearing at the Capitol last week, only one person testified. Brenda Wright, who works for Demos, a research and policy organization, told the judiciary committee that "crediting incarcerated people to the wrong location has the unfortunate and undemocratic result of creating a system of ‘representation without population.'"
The antiregulatory mania of the past three decades and the stagnant wages of most American workers during that period have left families at the mercy of an increasingly predatory financial sector. As a briefing paper by the progressive think tank Demos noted:
New York, NY — Demos, a national research and policy center, is pleased to announce the addition of two new members of its fellows program who are also developing new books under the Demos Books Project:
Turnout Increases of 4.3 Percent Likely Under Current Proposed Legislation
Annapolis, MD — In the historic 2008 presidential election, Maryland ranked 12th among states in voter participation by eligible residents. Voter participation in Maryland could significantly increase if the state passes Same Day Registration (SDR) into law, according to a new report published today by Demos and released in collaboration with ACLU of Maryland.
Prisoners will soon be bigger players in those high-stakes redistricting fights thanks to a change in federal policy governing how they're to be counted in the 2010 census.
In this week's policy change on prisoner counts, Census officials said they would release data on prison populations to states when they redraw legislative boundaries next year. This gives states more leeway in tallying their prisoners -- a move that could reshape the political map.
Community college credentials can play a vital role in creating economic security for young adults while at the same time rejuvenating career opportunities.
New York, NY — As President Obama calls for massive increases in Federal college grant aide in the 2011 budget, a new report by the policy center Demos shows how one-and two-year postsecondary degrees are vital tools for moving people into living-wage jobs.
If the city's proposal to require all voters to show identification at polls is approved, it will be the state's first municipality with such a rule.
Despite statewide accusations of voter fraud in the recent Senate election, many argue that the new measure could hinder disenfranchised voters from casting their ballots and would add an unnecessary encumbrance to what is meant to be an easy and accessible right.