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Better Markets
An independent, nonpartisan, nonprofit promoting the economic security, opportunity & prosperity of the American people. NEWSLETTER: http://bit.ly/2yNRRat
"This collapse could have and should have been mitigated. If the media could of reported on it and the short sellers saw it, the @federalreserve supervisors sure as heck should of seen it." @BloombergTV @scarletfu @RomaineBostick #SVB
The @federalreserve can not investigate itself for its own failures in connection with #SVB . An independent investigation is a must. Read our statement.
WATCH: @DennisKelleher calls for accountability for the #SVB failure and an independent review of the @federalreserve 's actions. @BloombergTV @scarletfu @RomaineBostick
@arappeport @jeannasmialek @nytimes write on the lack of accountability for those involved with the #SVB failure and quote our @DennisKelleher , who explains that crises happen for a reason.
@Zachary @politico Morning Money continues to do an excellent job examining the #SVB fallout. This morning he covered our call for a truly independent investigation into what happened.
@Marketplace 's @KA_marketplace takes a look at the dangerous #Trump era deregulation that contributed to the #SVB failure. Our @DennisKelleher notes “Before the law was passed, banks the size of Silicon Valley Bank would have been tested more frequently."
@DennisKelleher explains how a combination of @federalreserve policies after the 2008 crisis, recklessness by #SVB 's officers and directors, and inadequate @federalreserve supervision led to #SVB 's failure.
@DennisKelleher tells the @AP 's @ChrisRugaber & @fatimathefatima "It's inexplicable how the @federalreserve 's supervisors could not see this clear threat to the safety & soundness of banks and to financial stability." #SVB
Great column by @hiltzikm at @latimes on all the red flags leading up to the #SVB collapse. “These were visible to anyone who wanted to look. But apparently, the Fed was AWOL.” @DennisKelleher
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Hey, @Reddit @UniswapWh @wallstreetbets @Fitness4AIIle @GameStop want to know wha @citsecurities is up to now? Rigging the markets to protect their predatory behavior so you LOSE; we filed a legal brief today to stop them. You can read it here:
.: "You stated earlier that you believe consumers own their own data. Do consumers or everyday people explicitly consent to giving their data to you?" A: "There is not a consent" : "So there's no way for them to prevent you from collecting it"
“The GameStop frenzy really ripped the curtain off of the financial system, and kind of the mechanics of how dysfunctional and rigged our current equity markets are,” says @DennisKelleher in #GamingWallStreet on @hbomax .
@Citadel , @citsecurities , Ken Griffin and high-frequency traders everywhere have been put on notice by a D.C. circuit opinion that both rejected ALL of Citadel’s arguments and stands up for ALL investors.
The @GameStop trading frenzy once again revealed the lack of transparency in #ShortSelling activity. @SECGov ’s proposal will help increase transparency by requiring reporting on short selling activities. Read our comment letter here:
Our securities markets are rigged in favor of Wall Street at the expense of everyday retail investors. So, in @citsecurities v. @SECGov , we weighed in with an amicus brief to help defend a new order type developed by @IEX , an investor-friendly exchange.
Better Markets today filed an amicus brief w/ DC Circuit supporting @SEC action that will help retail investors fight back against HFT abuse. Our Steve Hall said outcome of Citadel v. SEC case will have a "huge impact on everyday investors’ ability to protect their money."
Don't believe the whining billionaires.. @SECGov Chair@GaryGensler 's proposals will increase access, and promote the best interests of retail investors.
On Monday Oct. 25, the D.C. Appeal Court will hear the @citsecurities v. @SECGov case. Better Markets’ @DennisKelleher lays out what’s at stake & how we’re advocating for investors. 1/
#WallStreet 's crime spree continues - with the 6 biggest banks racking up another Billion Dollars in fines in just the last 15 months. That makes nearly $200 billion in fines and settlements over the last 2 decades. Learn more in our Rap Sheet Report.
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