Two recent metrics examine 2010 take-home among the super-rich — that top one-hundredth of one percent of Americans whose median household income exceeds $27 million a year, nearly 1,000 times what the bottom 90 percent of Americans make. USA Today’s CEO pay survey and a look at hedge More…
The Los Angeles Times explores the prospects for campaign finance reform after Sen. Russ Feingold (D-Wisc.) lost his re-election in November and now that more Republicans are in Congress. (At Monday’s Republican National Committee chair debate, when asked what the biggest mistakes of Republicans over the past ten More…
Dan Pfeiffer, the White House communications director, wrote a blog post that lists the loopholes lobbyists most want inserted into Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill. Here they are, trimmed down a bit for readability:
Politico has a piece running through the number of former Hill staffers-turned-lobbyists that hedge funds have hired to ensure that financial regulatory reform does not encroach on their businesses or slim their profits:
Hedge fund managers, Weissman said, are in the business of using inside information to make money,
This week, Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill moved to the floor of the Senate. And with that bill close to passage, Wall Street and lobbyists turned their attention to Sen. Blanche Lincoln (D-Ark.) and the Senate Agriculture Committee’s proposal to regulate More…
Next week, Congress is back in session, and financial regulation will occupy much of the legislative calendar in and mental capacity of Washington for the next month or two. The proposed legislation imposes stronger capital requirements and creates a Consumer Financial Protection Agency, among other provisions. But it cannot More…
If you’re spending yet another day keeping an eye on falling stock markets and hoping against a catastrophic collapse of global markets by this afternoon, it’s helpful to follow Floyd Norris at the New York Times as he liveblogs the events.
For example, Norris points that some stocks actually More…
As the House debates the financial bailout bill today, the House oversight committee has set five hearings in October, each on a different aspect of the financial crisis. The announcement from Rep. Henry A. Waxman, (D-Calif.) chairman of the House oversight committee, is extraordinary because lawmakers were supposed More…
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