An Alternative Minimum Tax (AMT) patch, a mental health parity bill, a package of tax break extensions, and tax breaks... View Article
Continue readingOn Bailout Transparency
Congress took a real step today toward legislative transparency, proactively posting the proposed bailout legislation in public, online, in advance... View Article
Continue readingShow Us the Legislation
As news spreads that a consensus Wall Street bailout plan is being finalized, and leaders negotiate between proposals submitted from... View Article
Continue readingIn Broad Daylight: Lobbyists, Financial Advisers
Two years ago, I was named Time’s person of the year and now I own an insurance company, two mortgage... View Article
Continue readingWall Street to Washington
The complete meltdown in subprime mortgages has caused a total makeover of the investment industry. The effect of the makeover... View Article
Continue readingWall Street Comes to Washington
Politico seems to be suggesting that Wall Street has just discovered Washington. They've been here a long time.
“Wall Street Comes to Washington” is the title of the Securities Industry and Financial Markets Association event convening Thursday. Attendees will be entertained by media celeb Tucker Carlson and will hear from House Minority Leader John A. Boehner (R-Ohio). They’ll have dinner with Sen. Richard Burr (R-N.C.) and Rep. Joseph Crowley (D-N.Y.), and they’ll participate in panel discussions about the ongoing credit crunch and the regulatory future for their industry.
This industry doesn't have trouble attracting lawmakers to their lobbying-fest. They represent Rep. John Boehner's fifth largest source of campaign funds; and Sen. Richard Burr's seventh largest. As for snaring Rep Joseph Crowley's? No problem. They are his largest contributor.
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