Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, recently penned an op-ed in the New York... View Article
Continue readingIncoming finance committee chairman relies on finance campaign contributions
The House Republican Steering Committee voted on Tuesday to name all committee chairman for the incoming Congress. Their choice to head the House Financial Services Committee, the committee in charge of overseeing the financial sector and the government's implementation of new financial reforms, happens to be the member of Congress most reliant on contributions from the financial sector.
Contributions from the finance, insurance and real estate sector accounted for 62.5 percent of all contributions received by Rep. Spencer Bachus, the incoming House Financial Services Committee chairman, during the 2010 election cycle. These contributions amounted to $1.23 million out of a total $1.97 million that Bachus' campaign and political action committees raised.
Head of government regulator received huge payment package from former financial industry employer
Securities Exchange Commission (SEC) chairwoman Mary Schapiro received nearly $9 million in compensation and retirement benefits from the Financial Industry... View Article
Continue readingCongressmen Appointed to Conference Committee Receive Contributions From Financial Industry
Over their careers, the thirty-one congressmen appointed to the conference committee to hash out differences between the House and Senate... View Article
Continue readingSenate Democrats, Republicans Raced to Raise Money from Finance, Insurance, Real Estate Sector in 2009
More than two years after the collapse of Bear Stearns presaged the 2008 financial meltdown, the United States Senate is... View Article
Continue readingRevolving Door Staffer Rebuked, Permanently Banned From Talking to Committee Staff
Earlier this week, Peter Roberson, a top staffer on the House Financial Services Committee, jumped ship to lobby for Intercontinental... View Article
Continue readingREPOST: Next Banking Committee Chair Has Ties to Financial Sector
Note: I wrote this over the summer when the possibility existed that Sen. Chris Dodd would be moving from the... View Article
Continue readingEntering digital age an expensive proposition for GOP
The Republican National Committee shelled out $1.4 million dollars over the last six months for Web sites and services, much of which was spent on GOP.com, the party's major Web presence that was unveiled this month, new Federal Election Commission expense reports show.
The figure is far higher than what experts estimate it should have cost, and five times the amount its Democratic counterpart spent to host and maintain Democrats.org.
The biggest disparity seems to be bandwidth costs--the RNC paid Smartech Corp., a Republican-focused hosting firm, more than a million dollars, plus $22,000 to Eloqua ...
Continue readingRatigan Waves Sunlight In Frank’s Face
MSNBC’s Dylan Ratigan flashes an infographic made by Sunlight’s Kerry Mitchell detailing the percentage of contributions from the finance, insurance... View Article
Continue readingTop Financial Services Committee Members Rely Heavily On Finance Campaign Contributions
One year after the biggest economic collapse since the Great Depression, Congress is still debating new financial regulations to protect... View Article
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