A stunning new GAO report prompted by Bernie Sanders shows there’s not much distance between the big financial institutions on Wall Street and the Federal Reserve system, particularly when it comes to the directors of the regional banks GAO found multiple Regional Bank directors with direct conflicts of interests.
|By: David Dayen Wednesday October 19, 2011 2:45 pm|
|By: freeman Monday October 10, 2011 7:15 pm|
In a 60 Minutes interview on Sunday, Obama’s chosen go-to guy on job creation, General Electric’s chairman and CEO Jeffrey Immelt, our Jobs Czar, had this to say about the misconceptions of those protesting Wall Street in over 800 cities across the nation by the tens of thousands:
“I want you to root for me. Look, every one in Germany roots for Siemens, everyone in Japan roots for Toshiba, everyone in China roots for China South Rail, I want you to say, win GE. I think this notion that it’s the population of the US against big companies is just wrong.”
|By: David Dayen Wednesday March 30, 2011 7:15 pm|
Progressives United is a very new formulation for former Senator Russ Feingold. With all the tumult in his backyard over Scott Walker and the unions, it was natural that would be an early focus. But I think it’s interesting that he went here for his first campaign outside that.
|By: David Dayen Saturday March 26, 2011 6:00 pm|
You may not have heard about “Win America,” because you’re not the target audience. This is a coalition of multinational corporations who want the federal government to enact another tax holiday for overseas corporate profits. This would allow these corporations to bring back money they illegally stashed in tax shelters overseas at a fraction of the tax liability. This repatriation holiday happened once in 2004, and the multinationals really loved that, so they want another one.
|By: emptywheel Tuesday December 14, 2010 8:52 am|
A highlight of Sen. Bernie Sanders’ non-filibuster last Friday were his comments on General Electric’s CEO Jeff Immelt, who is pushing for more business located in China.
|By: masaccio Wednesday September 22, 2010 6:15 pm|
Continuing its practice of appointing to important offices only people who were wrong about everything, the Obama Administration is considering the appointment of Jeffrey Immelt to take Larry Summers’ place.