DENNIS M. KELLEHER
(Dennis Michael Kelleher)
Better Markets is a non-profit, financial organization that lobbies for better and greater government regulation of the finance industry.
Most companies in most industries don’t even have $1 billion in total revenue. The Wall Street Banks however are enormous. JP Morgan does $93 billion in a single year. They make profits of twice the amount of the fine. The company had made so much money during the Great Recession that Morgan had more almost twice the fine in cash reserves. So when they paid the fine, their earnings would not be penalized even $1. They earned about $26 billion for the year even after paying the fine. It would be like a profitable neighborhood hardware store being fined 5 cents. Better Markets is a non-profit, financial organization that lobbies for better and greater government regulation of the finance industry.
Dennis Michael Kelleher is President and CEO of Better Markets, Inc., an independent nonpartisan(?) nonprofit organization based in Washington DC that promotes the public interest in the financial markets. He is an honor graduate of Harvard Law School and Brandeis University, after serving four years active duty in the United States Air Force as a firefighter in the 1970s. Kelleher was then a partner at the New York based international law firm of Skadden, Arps, Slate, Meagher & Flom, resigning from the partnership on two occasions to serve in three senior staff positions in the United States Senate.
