Since the 1990s, Washington’s unspoken preference has been for banks and other financial institutions to get ever bigger, and it’s acted accordingly, making life easier for giants while hobbling the little guy.Continue reading
The complete meltdown in subprime mortgages has caused a total makeover of the investment industry. The effect of the makeover... View ArticleContinue reading
Our friends at the Center for Responsive Politics have been doing yeoman's work compiling lists of the politicians who've received the most money over the years from political action committees and employees and their family members of the big financial colossi that are seeking (or having imposed on them) federal help to stave off collapse. Their Lehman Brothers list is here while Fannie Mae and Freddie Mac are ">here.
To see who in Congress invested in these operations, CRP has compiled an analysis of Freddie and Fannie holdings here; you can also dig into search results for Lehman ...Continue reading