Topic - Dennis Kelleher

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  • ** FILE ** Lehman Brothers' New York headquarters (Associated Press)

    Report: Wall Street collapse costs U.S. $12.8T

    The Wall Street collapse in 2008 and the ensuing financial crisis has cost the nation an estimated $12.8 trillion, according to a study released Wednesday by Better Markets, a Washington advocacy group that lobbies for financial reform and tighter regulations on Wall Street.

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  • "JPMorgan's admission of certain facts and acknowledgment that it violated the law is an important step in the right direction" said Dennis Kelleher, president of Better Markets, a nonprofit organization that promotes the public interest in financial markets. "But, using shareholder money to pay headline-grabbing fines to buy a get-out-of-jail-free card for its executives will not end the Wall Street crime spree."

    'London Whale' scandal costs JPMorgan nearly $1B →

  • "The FSOC's proceedings make the Politburo look open by comparison," said Dennis Kelleher, president of Better Markets, a nonprofit that lobbies for stricter banking laws. "No one in America even knows who they are. At the few open meetings they have, they snap their fingers and it's over, and they are all scripted. They treat their information as if it were state secrets."

    Dodd-Frank offshoot cited as too secretive →

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