Shadow Lobbying System Exposed

By: Friday February 21, 2014 5:45 am

Corruption is nothing if not resilient. Though official lobbying has faced some token regulation it has been revealed in a must read piece by Lee Fang that there now exists an entire shadow lobbying system that dwarfs the official one. Lobbyists are deregistering but not really stopping their lobbying work. While the number of official [...]

CFTC Staffers Cashing In On “Public Service”

By: Thursday December 27, 2012 7:52 am

Step right up and Spin the Revolving Door – and what is your prize? Why, a nice job on Wall Street working for the people you used to regulate – you wrote in the loopholes, now you get the cash for exploiting them! Latest contestants – staffers working for the Commodity Futures Trading Commission (CFTC). [...]

Report: Lawmakers, Top Officials Knowingly Received VIP Loans from Countrywide

By: Thursday July 5, 2012 12:19 pm

The House Oversight and Government Reform Committee, Darrell Issa’s perch, has released a new report on the practice of now-defunct mortgage lender Countrywide handing out special mortgages at low rates to members of Congress and other key officials through their “VIP” program. And it does not appear to pick sides or divvy up the information [...]

SOPA Also Dies; Anti-Piracy Push Languishes for Now

By: Friday January 20, 2012 11:38 am

After the death of PIPA this morning comes the news that Lamar Smith, the Republican chair of the House Judiciary Committee who planned on resuming the markup of SOPA, the House version of anti-piracy legislation, in February, has put the bill into cold storage. The work of the grassroots coalition did the trick: SOPA and [...]

Google Joins SOPA Strike with Homepage Action

By: Tuesday January 17, 2012 2:55 pm

The biggest Internet presence in the world will have something to add to the growing online protests against anti-piracy legislation, though they won’t go as far as shutting down their operations. Google plans to highlight the issue with an action item on their famously spare homepage. “Like many businesses, entrepreneurs and web users, we oppose [...]

All Senate Democrats But Dodd Sign Letter Demanding Senate Rule Changes

By: Wednesday December 22, 2010 2:00 pm

This is a major breaking story. The main reason that the lame duck session was so productive was that the rest of the legislative session was so UNPRODUCTIVE, because the Republicans were able to ran out the clock. Senate Democrats are taking a stand and saying, we cannot work this way anymore. All Democratic senators [...]

Democratic Insecurity? Or Just A Different Set of Interests?

By: Thursday December 2, 2010 7:05 am

Ted Strickland, the defeated Governor of Ohio, despaired yesterday that Democrats would lose the tax cut debate. Talking, unprompted, about the debate over the expiring Bush tax cuts, Strickland said he was dumbfounded at the party’s inability to sell the idea that the rates for the wealthy should be allowed to expire. “I mean, if [...]

Recapping Yesterday’s Senate Banking Hearing on Foreclosure Fraud

By: Wednesday November 17, 2010 8:54 am

I’m going to agree with Yves Smith that yesterday’s Senate Banking Committee hearing on foreclosure fraud went really badly for the banks. Now, it’s a Senate hearing, and it’ll soon be filed away with all the other Senate hearings, never to threaten a banker again. But we’ve gone from a point where this issue was [...]

Warren Appointment Becomes Funhouse Mirror

By: Thursday September 16, 2010 11:04 am

It’s hard for me to stir up any genuine outrage or praise over the imminent Elizabeth Warren appointment, because I don’t really know what it is, and for that matter, nobody else does. I trust Warren to make the most of whatever job has been offered, but find the best response to be “Meh.” Asked [...]

Dodd: Federal Reserve Nominees Still Stuck in Limbo

By: Wednesday September 15, 2010 7:33 am

Chris Dodd doesn’t expect a vote on three nominees to the Federal Reserve’s Board of Governors. Janet Yellen, Sarah Bloom Raskin and Peter Diamond have been awaiting confirmation for months. U.S. Sen. Christopher Dodd (D., Conn.) said Tuesday he didn’t know how much appetite there was among senators to vote on three nominees to the [...]

Dodd Unaware of How Dodd-Frank Works Regarding CFPB and Interim Appointment

By: Tuesday September 14, 2010 10:32 am

So a flurry of activity signifying nothing on the Elizabeth Warren/CFPB front. Fox News thought they heard that she would get the interim appointment. Then they retracted it. White House spokesman Bill Burton would only say that she’s “in the mix” for the job. Enough plugged-in reporters have speculated that she could get an interim [...]

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