Wall Street Threatening To Withhold Donations After Pope’s Critique

By: Tuesday December 31, 2013 5:41 am

Even when thousands of Americans took to the streets in 2011 protesting inequality and greed in the Occupy Wall Street demonstrations the Wall Street plutocrats appeared completely unshaken in their belief that their power and privileges were legitimate, that they were right and just. To their mind the protesters were just envious of their success [...]

No, Mary Schapiro Didn’t “Fix” The SEC

By: Monday December 3, 2012 10:51 am

Regardless of my belief that Republicans are being ridiculous by trying to make a scandal out of the SEC allowing a public comment period for a rule change prompted by the JOBS Act, I think I’m pretty clear on the record about the SEC’s failings as a regulatory body. William Cohan wrote well on this [...]

Criminal Deterrence: To Lanny Breuer, It Means Pretending to Investigate

By: Friday February 10, 2012 9:20 am

I was just on KPFK in Los Angeles with RJ Eskow, and we have fairly similar ideas about the foreclosure fraud settlement, even though they may sound different. He thinks that we need to use the pressure available to ensure that the settlement is a beginning and not an ending. I’m just trying to be [...]

Spitzer: Surprised WH Is Making “Definitive Statements About Geithner’s Involvement” In NY Fed/AIG Scandal

By: Saturday January 9, 2010 4:00 am

A lawyer for the New York Federal Reserve Bank is out with a statement claiming that Timothy Geithner played no role in the incident where lawyers instructed AIG to hide key elements of their payments to counter-parties. The New York Federal Reserve Bank did not bring securities law disclosures for insurer American International Group Inc. [...]

House Oversight Committee Will Hold Hearing On Geithner/NY Fed/AIG Scandal

By: Friday January 8, 2010 12:14 pm

Ed Towns, the chairman of the House Oversight and Government Reform Committee, just announced that he would hold hearings into the emails that show how the New York Federal Reserve delayed disclosure of AIG counter-party payments, hiding public information from federal regulators. The statement is below. Towns wants to hold the hearing the week of [...]

The First Shot In An Era Of Open-Source Investigations?

By: Monday December 21, 2009 2:34 pm

The New York Times ran an important op-ed from Eliot Spitzer, Frank Partnoy and William Black, calling on the Obama Administration to release the paper trail on the AIG deal: A.I.G. was at the center of the web of bad business judgments, opaque financial derivatives, failed economics and questionable political relationships that set off the [...]

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