Chamber Publicizes Bogus Poll

U.S. Chamber of CommerceThe U.S. Chamber of Commerce is publicizing a set of state-level polls that they claim show that "voters overwhelmingly oppose the creation of a new Consumer Financial Protection Agency," a component of financial reform legislation set to be debated next week in the House of Representatives. The survey polled 500 voters each in Nebraska and Arkansas, and was performed by the polling firm Ayres McHenry & Associates. Previous polls done by Ayres McHenry for the Chamber have been deemed unreliable by the New York Times, and not up to their standards for publication.

More Must be Done to Stop Foreclosures

Foreclosure filings were at historic highs in March -- 367,056 -- an increase of nearly 19 percent from the previous month, and the highest monthly total since 2005, according to RealtyTrac. Almost two years after the onset of the financial crisis with unemployment at historic highs, nothing is being done to put a stop to this on-going tragedy.

Today, the Real Economy Project of the Center for Media and Democracy (CMD) released an update of our Wall Street Bailout accounting that, unlike other bailout assessments, includes Federal Reserve loans. CMD finds that the Federal Reserve, the U.S. Treasury and Federal Deposit Insurance Corporation (FDIC) combined have disbursed a total of $4.7 trillion on the bailout, of which $2 trillion is still outstanding.

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