Wonder just how Wall Street has become so influential on Capitol Hill that it can command the attention of the... View Article
Continue readingQuestion of the Day
How much of the $700 billion in taxpayer money doled out to private enterprise will be turned around and used... View Article
Continue readingPublish the Mortgages on Line
Dan O’Neill (of Everyblock fame) is calling for publication of all mortgages that the government (read “we”) is going to... View Article
Continue readingFinancial Bailout: Who’s minding the store?
As Congress begins wrestling with the Bush administration's financial industry bailout legislation (and Sen. Christopher Dodd's alternative), perhaps it's worth asking who are these folks who may well be deciding the economic fate of the nation? In this post (which took me about five hours longer to put together than I'd anticipated; hint to Labs: we need to design a tool to do this stuff faster), we take a look at the Senate Banking Committee and the House Finance Committee. Specifically, we look at how much of the campaign cash raised by members of those committees ...
Continue readingFinancial Bailout: Who does Frank see at his fundraisers?
Among Rep. Barney Frank's top career donors are employees, their family members and PACs of the following players in the nation's financial meltdown: American Bankers Association (wants Fannie Mae and Freddie Mac to continue paying dividends, despite going bust), J.P. Morgan Chase & Co. (which bought Bear Stearns), National Association of Realtors (working to "assure a robust secondary mortgage market"), UBS AG (which hopes the bailout will include foreign banks), Securities Industry & Financial Markets Association (hopes Congress will "hastily approve" the administration's plan), Credit Union National Association (members are included in any bailout plan), Bank of America ...
Continue readingHal Rogers’ Yearly Earmarks
In the House Defense spending bill released last night, Rep. Hal Rogers, R-Ky., sponsored an earmark worth $2 million for U-60 Leak Proof Transmission Dip Pans, an earmark he has backed for four years now. In the past this earmark has been awarded to Phoenix Products, Inc., a small company in McKee, Ky.
As Real Time reported last year, although this company has received more than $10.4 million in earmarks from Rogers, Army officials said at the time, that they have yet to decide if the transmission drip pans should be purchased from the company at all. As in ...
Continue readingSee Who’s Wining and Dining the House Finance Committee
You already know that the very same lawmakers who are deciding the fate of the financial bailout receive campaign cash... View Article
Continue readingTCS releases searchable earmark lists
While most of Washington fixates on the $700 billion bailout package now being debated by the House Finance and Senate Banking Committees (Rep. Frank has added his own version of a bailout to the ones proposed by the administration and Sen. Christopher Dodd), our friends at Taxpayers for Common Sense are paying attention to some $600 billion in spending that Rep. David Obey, D-Ohio, concocted in secret, or, as he put it to Bloomberg News, operating "the old fashioned way by brokering agreements in order to get things done and I make no apology for it." Taxpayers has posted searchable ...
Continue readingBill Allison on the Bridge to Nowhere
Sunlight’s Bill Allison was on Anderson Cooper 360° on CNN last night discussing the Bridge to Nowhere and the votes... View Article
Continue readingEthics Launches Rangel Probe
The House Ethics Committee officially launched a probe of the troubled finances of Rep. Charles Rangel, the House Ways and... View Article
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