Amendments to Dodd bill -
HT — Shahien at Huffpo
Filed in Launching..., Open engines, Regulatory, Restructuring, Transparency
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Also tagged audit the Fed, CDS, derivatives, Federal Reserve, markup, SEC, securities, swaps, Wall Street, Washington
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MAPLight.org…
The site uses three data sets to create a detailed picture that illustrates money’s influence over elected officials:
campaign contributions
voting records and the
supporting and opposing interests of a bill
For example…
~~~ “Government Transparency Tool, Money Near Votes, Zooms in on Banking Industry Contribs given w/in 2 wks of Credit Card Bill Vote“~~~
(HT HuffPo)
I’m planning to write about the new Senate draft of legislation but I wanted to bring up the general lack of discussion in the Congress about the findings of the Lehman Examiner.
The failure of Lehman represented the largest corporate failure ever (over $600 billion dollars), triggered a global financial meltdown and was exactly the [...]
Sunday, February 14, 2010
The Daily Show With Jon Stewart
Mon - Thurs 11p / 10c
Elizabeth Warren
www.thedailyshow.com
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Elizabeth Warren, chairman of the Congressional Oversight Panel, explains the kabuki going on in the Senate over financial reform to Jon Stewart of the Daily Show … she says write your Senator and tell them we must have strong [...]
Filed in Creativity, Launching..., Open engines, Recession busters..., Regulatory, Restructuring, Transparency
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Also tagged break up the banks, Glass Steagall, Obama, risk, TARP, unrest
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Tuesday, February 9, 2010
The Senate Banking Committee is writing new law that covers “bank entities”… but it’s the shadow financial system that collapsed in the credit crisis… and needs attention… here’s one explanation of some of the connections between firms and their funding sources …
Reblog from Rortybomb ~~~
“… Trying to get a working definition and a coherent explanation for [...]
In this short clip from the Senate Banking Committee hearing of September 23, 2008 Senator Evan Bayh questions Secretary Paulson about why they will support foreign banks. Secretary Paulson says it’s on behalf of American taxpayers and Chairman Bernanke explains that these are efforts to prop up prices in markets.
From Bloomberg…
~~~ “… The Federal Reserve [...]
Simon Johnson writing in Bloomberg…
~~~”… Still, we should treat the next few weeks as the public-comment phase for potentially serious principles and an opportunity to press for workable details.
The big banks, naturally, are already hard at work pushing in the other direction. This is actually good and exactly what we need. The banks have hidden [...]
Thursday, January 21, 2010
It’s “Volcker lite“…
I’m very interested in any proposal that has the banks whinging like this Bloomberg video of Rob Nichols, the president of the Financial Services Forum… (an excellent rebuttal to Mr. Nichols arguments from the Epicurean Dealmaker)
Here is the German CEO of Deutsche Bank commenting on regulations proposed for US financial markets. He doesn’t like them either.
Although [...]
Wednesday, January 20, 2010
From Dow Jones (HT ZeroHedge):
~~~ “Senate Democrats are to seek an increase to the federal government’s borrowing limit by $1.9 trillion lifting the total amount the U.S. government can owe to $14.294 trillion, several congressional aides said Wednesday.
The increase is forecast to support the federal government’s borrowing needs the end of 2010, one Senate [...]