Goldman Sachs Gained Inside Information From New York Fed

By: Thursday November 20, 2014 8:22 am

Wealth of America's top 0.1% is about to exceed that of bottom 90% for first time since 1930s http://t.co/XiPh31bQjO pic.twitter.com/nasmFcsY5y — The Economist (@TheEconomist) November 10, 2014 Apparently that recent study showing banking culture is corrupt in essence is not so far off the mark as it has now been revealed that Goldman Sachs received [...]

Lobbying Rules Completely Ineffective At Stopping Revolving Door

By: Monday February 3, 2014 8:29 am

Are you sitting down? The lobbying rules designed to slow down the revolving door have failed. According to the New York Times, an analysis of congressional staffer data has revealed that not only is the practice of government worker-to-lobbyist continuing, the meager ethics rule that do exist are being ignored. Apparently being a “public servant” [...]

After NSA Whitewash Story 60 Minutes’ John Miller To Join NYPD

By: Friday December 27, 2013 8:01 am

After producing the now discredited 60 Minutes puff piece on the NSA the anchor of the piece, John Miller, is going back to his other job – apologizing for the use of state power. Miller will be rejoining the government communications profession for the New York Police Department. The announcement has not surprisingly been met with [...]

Report: Revolving Door At SEC Killed Reforms, Mary Jo White Case In Point

By: Tuesday February 12, 2013 7:00 am

In news that is not surprising to anyone with a firing neuron in their brain, a report by the Project on Government Oversight (POGO) finds that the incestuous nature of the SEC-Wall Street relationship caused reform efforts in the money market fund industry to fail. Former U.S. Securities and Exchange Commission staffers who now work [...]

SEC Head Nominee Mary Jo White Facing Scrutiny

By: Friday January 25, 2013 6:05 am

Yesterday President Obama nominated Mary Jo White to head the Securities and Exchange Commission. The administration and establishment media highlighted White’s experience as a prosecutor and hinted at the possibility of a more aggressive SEC. But now that there has been time to digest the nomination there seems to be some familiar problems. Mary Jo [...]

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). [...]

Tallying Up the Revolving Door: Weep Not for Our Ex-Pols

By: Thursday November 8, 2012 10:44 am

In case you were wondering what all those retiring and defeated lawmakers do with themselves once banished from Capitol Hill, I have a simple answer for you: they get paid. Take Tony Blair, the former British prime minister. In September, Mr. Blair was called to Claridge’s hotel in London to mediate a renegotiation of the [...]

Randy Neugebauer Angry that CFPB is Compensating Their Employees Decently

By: Thursday September 20, 2012 12:23 pm

Rep. Randy Neugebauer (R-TX), who chairs the House Subcommittee on Oversight and Investigations in the House Financial Services committee, writes up a hatchet job on the Consumer Financial Protection Bureau in today’s Wall Street Journal. He’s really concerned about the CFPB’s salary structure: Pursuant to the Dodd-Frank Act, the bureau’s director may set and adjust [...]

Pawlenty Takes Top Lobby Job at Financial Services Roundtable

By: Thursday September 20, 2012 6:55 am

Tim Pawlenty, whose previous experience with Wall Street consisted mainly of telling them to “get their snouts out of the trough,” has taken a job as the head of the Financial Services Roundtable, one of the main trade groups for Wall Street. The Roundtable is one of a handful of Washington groups, including the American [...]

Study Claims Revolving Door at SEC Not a Problem

By: Monday August 6, 2012 12:57 pm

Today in “Don’t Mindlessly Parrot Every Yahoo With a Contrarian Academic Study,” we have this effort, written up approvingly in the New York Times, suggesting that the revolving door is actually helpful to efforts by the SEC: The study, by researchers at Emory University, Rutgers, the University of Washington and Nanyang Technological University in Singapore, [...]

Jamie Dimon’s Cufflinks and Why a Tighter Volcker Rule Is All We Can Hope For

By: Thursday June 14, 2012 10:55 am

So here’s me and William Cohan on yesterday’s The Alyona Show talking about that Jamie Dimon testimony yesterday. I have to admit a little shock at the focus of the coverage on the captured Congress and the relative soft pitches lobbed in Dimon’s direction. I’m wondering what people expected. This wasn’t the Senate Permanent Subcommittee [...]

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