Goldman Sachs Gained Inside Information From New York Fed

By: Thursday November 20, 2014 8:56 am

Apparently that recent study showing banking culture is corrupt in essence is not so far off the mark as it has now been revealed that Goldman Sachs received inside information from the New York Federal Reserve. It is not just the banksters or the regulators but a culture of corruption which has led to a seemingly endless series of corruption stories coming out of Wall Street and Washington.

In what is being called a “leak,” a former regulator with the New York Fed joined Goldman Sachs and used his contacts at the Fed to gain access to inside information for his new employer.

 

Eric Holder Stepping Down As Attorney General

By: Thursday September 25, 2014 10:03 am

Wall Street lawyer turned cabinet secretary Eric Holder is stepping down as Attorney General of the United States. Holder will resign as soon as his successor is confirmed according to National Public Radio which wrote a laudatory piece on Holder that included the news. Those who spoke to NPR told them it was Holder’s decision to leave.

Lobbying Rules Completely Ineffective At Stopping Revolving Door

By: Monday February 3, 2014 9:02 am

Are you sitting down? The lobbying rules designed to slow down the revolving door have failed. According to the New York Times, an analysis of congressional staffer data has revealed that not only is the practice of government worker-to-lobbyist continuing, the meager ethics rule that do exist are being ignored.

After NSA Whitewash Story 60 Minutes’ John Miller to Join NYPD

By: Friday December 27, 2013 9:32 am

After producing the now discredited 60 Minutes puff piece on the NSA the anchor of the piece, John Miller, is going back to his other job – apologizing for the use of state power. Miller will be rejoining the government communications profession for the New York Police Department. The announcement has not surprisingly been met with a mix of amusement and disgust.

“Gasland 2″ Grassroots Premiere in Illinois Highlights Industry PSYOPS and Ongoing Fracking Fights

By: Tuesday May 21, 2013 3:50 pm

Gasland 2 screened yesterday in Normal, IL and DeSmogBlog was there to gain a sneak peak of the documentary set for a July 8 HBO national premiere.

Josh Fox’s documentary played at the Normal Theater, the second-ever screening since the film officially premiered on April 21 at the Tribeca Film Festival in New York City.

The movie builds on Fox’s Academy Award-nominated Gasland, further making the case of how the shale industry’s hydraulic fracturing (“fracking”) boom is busting up peoples’ livelihoods, contaminating air and water, polluting democracy and serving as a “bridge fuel” only to propel us off the climate disruption cliff.

Jack Lew’s Citigroup Contract Included Incentive to Go Into Government

By: Monday February 25, 2013 6:48 am

President Obama’s Treasury Secretary nominee not only worked for the Citigroup hedge fund that shorted the housing market, invested in off-shore tax havens, and took a nice bonus from TARP money – he had a provision written into his employment contract that encouraged him to return to government service.

Report: Revolving Door At SEC Killed Reforms, Mary Jo White Case In Point

By: Tuesday February 12, 2013 7:49 am

A report by the Project on Government Oversight (POGO) finds that the incestuous nature of the SEC-Wall Street relationship caused reform efforts in the money market fund industry to fail.

SEC Head Nominee Mary Jo White Facing Scrutiny

By: Friday January 25, 2013 6:33 am

Yesterday President Obama nominated Mary Jo White to head the Securities and Exchange Commission. The administration and establishment media highlighted White’s experience as a prosecutor and hinted at the possibility of a more aggressive SEC. But now that there has been time to digest the nomination there seems to be some familiar problems.

Max Baucus: Connoisseur of Revolving Door Corruption

By: Monday January 14, 2013 1:15 pm

Major tax cuts were extended for giant corporations — while the average Montana was stuck with a $900/year in increased taxes — and the person responsible is claiming he doesn’t even know how his staff put it in there for his former staff? This is why last night Bill Moyers referred to Max Baucus as, “a connoisseur of revolving door corruption.”

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!

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