In a committee meeting today, state Sen. Joe Negron made clear that he wants legislators to take a hard look at social services in order to determine whether the state will continue funding them.
Big corporations have been portrayed as the villains in the story of this year’s explosion in campaign spending, unloading vast sums of money to elect candidates who will then go to Washington to better their bottom line. Turns out a lot of businesses, however, feel like they’re the ones More…
Soon after Rep. Brad Miller (D-N.C.) came to Washington in 2002, a fellow member of the House Financial Services Committee told him to pick an arcane financial issue — any issue — and to make it his pet topic. Miller chose mortgage finance. He knew little about it. Banking lobbyists More…
Today, Goldman Sachs, the Wall Street investment bank, kicked off a national advertising campaign. The goal is to explain to regular Americans what it actually does and, one presumes, to try to shake its vampire-squid-wrapped-around-the-face-of-humanity rap.
From today’s Wall Street Journal:
Women are fading from the U.S. finance industry.
In the past 10 years, 141,000 women, or 2.6 percent of female workers in finance, left the industry. The ranks of men grew by 389,000 in that period, or 9.6 percent, according to a review of
Eugene Volokh points out an interesting feature on the website of the Public Advocate for the City of New York: a list of major corporations’ stands on using corporate money to support or attack candidates running for political office.
The list in itself is interesting.
Remember that controversial rule in the financial regulatory reform law, designed to prevent banks from making risky bets on their own behalf? It did not take long for banks to figure out how to get around it.
Wall Street giving to Democrats is down this election cycle, and Republicans are having even worse luck tapping into bankers’ largess. But Rep. Eric Cantor (R-VA), the House minority whip, is cleaning up:
President Obama and the Democrats are both kicking their midterm election efforts into a higher gear today. The President held a fundraiser for the Democratic National Committee last night in DC, is hosting two more DNC events today in New York City, and will host four more events around More…
Today — coincidentally or not, the day Congress passed sweeping legislation reforming the regulation of Wall Street banks — the Securities and Exchange Commission announced it has settled with investment bank Goldman Sachs. For misinforming foreign investors about a complex credit-default swap product designed to fail by a More…
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