Gen. James Jones Didn’t Disclose Industry Ties Before Testimony at KXL Hearing

By: Thursday March 13, 2014 7:00 pm

The U.S. Senate Foreign Relations Committee held a hearing today (March 13) on the U.S. State Department’s national interest determination for the northern half of the proposed TransCanada Keystone XL tar sands pipeline.

Four witnesses will testify: Keystone XL proponent Karen Alderman Harbert, the president and CEO of the U.S. Chamber of Commerce’s Institute for 21st Century Energy; retired NASA climatologistJames Hansen, an adjunct professor atColumbia University’s Earth Institute and Keystone XL opponent; and Sierra Club Executive Director Michael Brune, another critic of the Keystone XL.

And then there’s James Jones.


Bill Black, Carmen Segarra, and the Regulatory Failure That Is the Federal Reserve Bank of New York

By: Saturday October 12, 2013 12:40 pm

Back in 2009, law professor and former banking regulator Bill Black excoriated the internal corporate culture of the Federal Reserve when it comes to banking regulatory oversight. For a very specific illustration of what Black was talking about, just take a look at the complaint filed by former banking regulator Carmen Segarra against her former employer, the Federal Reserve Bank of New York. She was hired and assigned to investigate problems at Goldman Sachs, and when she and her team discovered some major problems, she was pressured to downplay them and back off. When she refused, she was terminated and Goldman Sachs was given a clean bill of health by the folks that fired her.

You’re shocked, I know. But the details, along with the documentation, are the truly shocking part of all this. Not about Goldman Sachs, but about their pals at the Federal Reserve Bank of New York.

Big Pushback Against Frac Sand (and Lobbyist Mayor) in Minnesota

By: Saturday February 9, 2013 10:00 am

The actual act of fracking isn’t the only controversial part of the fracking process. Mining the sand needed for fracking has its own problems, as Red Wing, Minnesota mayor and frac sand mining lobbyist Dennis Egan is discovering.

Bill to End Conflict of Interest at Federal Reserve Is First Step to Operationalizing Fed Audit

By: Wednesday May 23, 2012 10:30 am

Elizabeth Warren has been talking about the conflict of interest inherent in having Jamie Dimon sit on the board of directors of the Federal Reserve Bank of New York. Timothy Geithner even recognizes a problem. Now Bernie Sanders and Barbara Boxer have co-authored a bill that would ban bankers from sitting on the boards of directors at the regional Fed banks.

CNN Says Faster Foreclosures Are Solution to Mortgage Fraud

By: Thursday September 1, 2011 4:04 pm

Banksters have figured out that they can stall real solutions to the housing/foreclosure mess and eventually the congress will give them some kind of back door bailout. They are probably right.

State Health Exchange Boards Filled with Individuals Tied to Insurance Industry

By: Thursday August 25, 2011 9:40 am

The recently appointed Connecticut state health care exchange board contains three former high ranking private insurance executives.

This is just the latest example of how many of the new state based insurance exchanges created by the Affordable Care Act are becoming dominated by individuals with close ties to the private insurance and hospital industries.

Come Saturday Morning: Meet ALEC’s Fair-Haired Cabin Boy, John Hinderaker

By: Saturday July 30, 2011 6:45 am

One of the right wing’s staunchest and most prolific public defenders of ALEC is none other than John Hinderaker of the PowerLine Blog. However, in his plentiful writings on the subject, there are some words you won’t find — words like “ALEC is a client of my law firm”.

Initial Fed Audit Shows Web of Conflict of Interest

By: Friday July 22, 2011 11:37 am

We don’t really have real debates on much of anything in America anymore, so it’s worth questioning whether this will be the effect. But for what it’s worth, Bernie Sanders’ office has released the major investigation coming out of that amendment – a GAO audit of the emergency lending programs carried out by the Fed in the wake of the financial crisis. These programs – not TARP, which mostly put the Congress on the hook for the bailout politically – represented the bulk of the federal government’s support for the banking sector. And they were carried out largely in secret. This GAO audit provides a window into just what the Fed did.

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