Shadow Lobbying System Exposed

By: Friday February 21, 2014 6:35 am

Corruption is nothing if not resilient. Though official lobbying has faced some token regulation it has been revealed in a must read piece by Lee Fang that there now exists an entire shadow lobbying system that dwarfs the official one. Lobbyists are deregistering but not really stopping their lobbying work. While the number of official lobbyists has dropped to the 12,000 range some estimates have unofficial lobbyists numbering as high as 100,000.

 

Blogiversary VII: The FISA-ing

By: Sunday December 30, 2012 4:00 pm

And the Seven & Seven is not just a good drink for my seventh blogiversary, the Seven & Seven’s specificity makes it a very appropriate cocktail for this last weekend of the year for a more, shall we say, “all inclusive” reason.

Friday morning, while some were distracted by Washington’s self-inflicted fiscal clusterfuck, and most were distracted by things that had nothing at all to do with Washington, the US Senate passed a five-year extension to the FISA Amendments Act (FAA)–the oversight-deficient warrantless surveillance program started by the George W. Bush administration. The vote was 73 to 23.

CFTC Staffers Cashing In On “Public Service”

By: Thursday December 27, 2012 11:25 am

Step right up and Spin the Revolving Door – and what is your prize? Why, a nice job on Wall Street working for the people you used to regulate – you wrote in the loopholes, now you get the cash for exploiting them!

Report: Lawmakers, Top Officials Knowingly Received VIP Loans From Countrywide

By: Thursday July 5, 2012 2:19 pm

The House Oversight and Government Reform Committee, Darrell Issa’s perch, has released a new report on the practice of now-defunct mortgage lender Countrywide handing out special mortgages at low rates to members of Congress and other key officials through their “VIP” program. And it does not appear to pick sides or divvy up the information to protect one party or the other.

SOPA Also Dies; Anti-Piracy Push Languishes for Now

By: Friday January 20, 2012 3:45 pm

After the death of PIPA this morning comes the news that Lamar Smith, the Republican chair of the House Judiciary Committee who planned on resuming the markup of SOPA, the House version of anti-piracy legislation, in February, has put the bill into cold storage. The work of the grassroots coalition did the trick: SOPA and PIPA are dead for now.

Google Joins SOPA Strike with Homepage Action

By: Tuesday January 17, 2012 3:24 pm

The biggest Internet presence in the world will have something to add to the growing online protests against anti-piracy legislation, though they won’t go as far as shutting down their operations. Google plans to highlight the issue with an action item on their famously spare homepage.

All Senate Democrats but Dodd Sign Letter Demanding Senate Rule Changes

By: Wednesday December 22, 2010 2:55 pm

This is a major breaking story. The main reason that the lame duck session was so productive was that the rest of the legislative session was so UNPRODUCTIVE, because the Republicans were able to ran out the clock. Senate Democrats are taking a stand and saying, we cannot work this way anymore.

Michael Barr, Liaison on Foreclosure Fraud Investigation, Leaves Treasury

By: Tuesday November 23, 2010 6:04 am

The key person from Treasury working with the Attorneys General investigation into foreclosure fraud is leaving almost immediately, although he doesn’t appear to have his next teaching gig lined up. Rather interesting timing, yes?

Both Dodd and Frank Call on Admin to Use Powers of Dodd-Frank

By: Friday November 19, 2010 9:40 am

A letter from Rep. Brad Miller and other members of Congress urges the Financial Stability Oversight Council to take action to prevent the foreclosure fraud problem from becoming a systemic crisis. The letter reminds the FSOC that Dodd-Frank gives them the power to avoid a systemic crisis. Barney Frank has signed the letter, and Chris Dodd has already admonished Treasury Secretary Tim Geithner to employ FSOC to mitigate systemic risk. And thus far?

Crickets. From both the Administration and the media.

Sen. Dodd Uses Foreclosure Fraud Hearing to Call on Geithner to Do His Job

By: Wednesday November 17, 2010 9:10 am

Chris Dodd didn’t have many questions in yesterday’s hearing on the foreclosure crisis. But he did use the opportunity to call on Tim Geithner to convene the Financial Stability Oversight Council to prevent this crisis from blowing up the economy.

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