Tom Donilon, a White House national security advisor, is being touted as a potential replacement for Rahm Emanuel as chief... View ArticleContinue reading
Sen. Richard Shelby, R-Ala, doesn't believe the financial reform bill the Senate began debating today will actually regulate the large
financial organizations whose risky actions threatened the entire economy in 2008. Instead, the ranking member of the Senate Banking Committee sees the bill as something that will further institutionalize bank bailouts in the future.
Shelby noted that many large financial firms -- like Goldman Sachs and Citigroup -- have expressed support for the legislation. “(Large financial firms) know that the bill will bring them and Wall Street firms like them under the Federal safety net where they will get preferential treatment ...
Concerned about seeing their huge profits cut, six big banks are leading the charge to weaken or block new financial... View ArticleContinue reading
Four of the 10 committee members on the Permanent Subcommittee on Investigations that grilled Goldman Sachs today have received campaign contributions from the Wall Street Giant. The amounts and recipients are as follows:
• Sen. John McCain, R-Ariz, is the leading recipient of money from Goldman Sachs. Employees, their family members, and the company's political action committee are his fourth largest career donor at more than $337,000. That figure includes donations to his Senate and presidential campaigns. There are no contributions recorded to McCain for the 2010 cycle.
• Sen. Susan Collins', R-Maine, campaign received almost $24,000 in 2010 ...
We all know, thanks to the Center for Responsive Politics, that Goldman Sachs is a heavy hitter--in the 2008 presidential cycle, among the top donors to both Barack Obama and John McCain, that its employees, their family members and its PAC favor Democrats in their giving by a two to one margin (and three to one in the 2008 election cycle), and Goldman Sachs has been among the top 100 donors to 286 election campaign committees for members of Congress.
But what about others involved in the financial instrument that the Securities and Exchange Commission alleges was fraudulent? Is ACA ...
Michael Paese used to be the chief of staff to Finance Committee Chair Barney Frank until he took a job... View ArticleContinue reading
Here are some of the more interesting media mentions of Sunlight and our friends and allies over the past week:... View ArticleContinue reading
Lobbying firms and special interests have filed nearly 1,700 new registration forms so far in the first quarter of 2009, according to a review of lobbying disclosure forms available online at the Senate Office of Public Records. As the federal government pumps up spending and intervenes in the troubled financial markets, K Street firms appear to have had no shortage of new business.
Our first pass at a database of the registrations shows that some of the financial firms that have received funding under the Troubled Asset Relief Program including Citigroup, JP Morgan Chase & Co., Goldman Sachs and Fifth ...Continue reading
In the back-and-forth regarding who inserted the retroactive bonus immunity provision into the stimulus bill, we were repeatedly treated to... View ArticleContinue reading