My colleague Nancy Watzman has identified more than 250 fundraisers held for members of the House Financial Services Committee, including some held by organizations involved in the nation's financial meltdown:
A financial services luncheon on September 16 for Rep. Dean Heller at the Capitol Hill Club. The cost for entry was $500 for individuals, $1,000 for PACs. Heller has collected $190,252 from the financial sector for his congressional elections out of a total of $1,242,583, or 15.3 percentContinue readingAn invitation from the Real Estate Roundtable PAC on September 14 for Rep. Gregory Meeks to ...
Financial Bailout: Who does Bachus see at his fundraisers?
Among Rep. Spencer Bachus's top career donors are employees, their family members and PACs of the following players in the nation's financial meltdown: J.P. Morgan Chase & Co. (which bought Bear Stearns), Credit Suisse Group (which misled some investors about its auction rate securities), UBS AG (which hopes the bailout will include foreign banks), the National Assn of Realtors (working to "assure a robust secondary mortgage market"), Citigroup Inc ("written off and lost $53.6 billion through the credit crunch so far, which is more than any other bank or broker,"), Bank of America (acquired Merrill Lynch and ...
Continue readingFinancial Meltdown: FBI on the case?
Yes, according to this:
The FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers and AIG - and their executives - as part of a broad look into possible mortgage fraud, sources with knowledge of the investigation told CNN Tuesday.The sources would not speak on the record because the investigation is ongoing.
FBI spokesman Special Agent Richard Kolko had no comment on that information, but said that 26 firms were currently under investigation as part of the bureau's mortgage fraud inquiry.
I laughed at Megan McCardle's reaction ....
Is stupidity a federal offense? And if so, when do they investigate ...Continue reading
Senate Changes Franking Rules for Web Sites
Last year, the Open House Project proposed the loosening of rules governing what lawmakers can post to their official web... View Article
Continue readingNo Time to Read the Bill
Noted curmudgeon David Obey, chair of the House Appropriations Committee, yesterday issued a disobliging statement towards the cause of transparency.... View Article
Continue readingFinancial Bailout: Who does Shelby see at his fundraisers?
Among Sen. Richard Shelby's top career donors are employees, their family members and PACs of the following players in the nation's financial meltdown: Citigroup ("written off and lost $53.6 billion through the credit crunch so far, which is more than any other bank or broker,") JPMorgan Chase & Co. (which bought Bear Stearns) and First American Corp. (a subsidiary of which appraises home values).
Continue readingFinancial Bailout: Who does Dodd see at his fundraisers?
Among Sen. Christopher Dodd's top career donors are employees, their family members and PACs of the following players in the nation's financial meltdown: Citigroup ("written off and lost $53.6 billion through the credit crunch so far, which is more than any other bank or broker,") Bear Stearns ("Bear Stearns's mortgage business, a big driver of profits, has been eviscerated,"), SAC Capital Partners (vehemently denies charge that they helped bring down Bear Stearns), American International Group (saved by an emergency $85 billion rescue), Goldman Sachs and Morgan Stanley (each of which are morphing into bank holding companies ...
Continue readingVote Correlations Back to 1999
Massie Ritsch, communications director for the Center for Responsive Politics, has written a great post about the last time Congress... View Article
Continue readingBailout Bill Lobbying Frenzy
The consideration of the $700 billion bailout bill — now lovingly known as the Authorization for Use of Financial Force... View Article
Continue readingYou Can Markup the Bills on the Mortgage Industry Bail Out
Congress is moving rapidly to enact a gigantic taxpayer bailout of the financial sector, with a potential cost of $700... View Article
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