Wall Street And Washington Share Millions Of Dollars, Lot Of People

Wall Street And Washington Share Millions Of Dollars, Lot Of People The close relationship between Wall Street and Washington belies their 200 mile separation and theoretically differing goals. By spending money on campaigns and lobbyists, The financial industry has managed to give itself something of a voice in the halls of Congress, regulators’ offices and … Read more

The Young Turks Interviews Matt Stoller on the Audit of the Federal Reserve

(The echo goes away after about 20 seconds.) Matt Stoller, former staff member for Representative Alan Grayson and writer for Naked Capitalism, talks to Cenk about the behind-the-scenes effort that was needed to include an Audit the Fed amendment in the 2009 financial reform bill, which Congress passed into law. This long interview provides well-informed … Read more

US Govt Ignoring Rule of Law & Harming Economy Further (VIDEO)

Aug. 29 (Bloomberg Law) — There are numerous examples of the federal government suspending or ignoring settled rules of law in order to quickly and effectively respond to particular problems created by the broader financial crisis starting in 2008. UPenn Law Professor, David Skeel, says that the federal government’s inability to revert to the long … Read more

When Firms Pay CEOs More than Uncle Sam, The Tax System is Broken

When Firms Pay CEOs More than Uncle Sam, The Tax System is Broken Twenty-five of the 100 highest-paid U.S. chief executives pocketed more in pay last year than their companies paid in federal income taxes. I don’t know about you, but that’s the kind of stat that really gets my bacon sizzling — yet more … Read more