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.”
|By: Bob Brigham Monday January 14, 2013 1:15 pm|
|By: DSWright 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!
|By: Steve Horn Sunday November 18, 2012 7:45 am|
The Tar Sands Blockade of TransCanada Corporation’s “Keystone XL South” continues in Texas, but former members of the Clinton and George W. Bush cabinets believe the northern half will soon be green-lighted by President Barack Obama.
In a Nov. 13 conference call led by the Consumer Energy Alliance (CEA), an oil and gas industry front group, CEA Counsel John Northington said he believes a “Keystone XL North” rubber stamp is in the works by the Obama Administration.
“I think the Keystone will be approved in fairly short order by the administration,” Northington said on the call.
|By: David Dayen Thursday November 8, 2012 11:39 am|
In case you were wondering what all those retiring and defeated lawmakers do with themselves once banished from Capitol Hill, I have a simple answer for you: they get paid.
|By: David Dayen Thursday September 20, 2012 7:30 am|
Pawlenty isn’t being chosen by the Financial Services Roundtable for his vast knowledge of financial services. He was chosen because he has a familiar name to members of Congress and he can get into offices and lobby them with relative ease. This is the whole point of the revolving door – find someone with contacts and name recognition and use that as a lever to get your lobby’s goals into the Congressional consciousness.
|By: WhyIHateCCA Friday June 29, 2012 1:32 pm|
Florida’s leadership is among the most aggressive in the nation in trying to bring private prisons to the state. The governor, speaker of the house, former speaker of the house, and a host of Republicans in the legislature repeatedly attempted to force through what would have been the largest wholesale privatization of prisons in US history.
|By: David Dayen Thursday June 14, 2012 12:28 pm|
So here’s me and William Cohan on yesterday’s The Alyona Show talking about that Jamie Dimon testimony yesterday. I have to admit a little shock at the focus of the coverage on the captured Congress and the relative soft pitches lobbed in Dimon’s direction.
I’m wondering what people expected. This wasn’t the Senate Permanent Subcommittee on Investigations, Carl Levin’s committee, which gave the most brutal hearing of the financial crisis to members of Goldman Sachs’ team. This is the Banking Committee. Most of its members are effectively employees of JPMorgan Chase and the other Wall Street banks. Many of its staffers are actual former employees. Many of the lobbyists of these banks are former staffers to these Senators. This is where bank-friendly Senators go to ensure the most campaign contributions. There was a moment of time after banks blew up the world’s economy where they could be expected to get a brushback from a committee like this, but that time has passed.
|By: Eli Tuesday May 22, 2012 6:01 pm|
Campaign contributions aren’t the only way to buy politicians.
|By: David Dayen Tuesday May 22, 2012 12:10 pm|
The London Independent comes out with the largest estimate I’ve seen of losses on JPMorgan’s Fail Whale trades: $7 billion. Another concern is the Senate Banking Committee’s chief investigator for any hearings: a former lobbyist for JP Morgan.
|By: David Dayen Thursday March 22, 2012 6:45 am|
There’s nothing inherently illegal about this, and I suppose journalists can contort themselves into believing there’s nothing unethical either. But it’s certainly not something that gets promoted next to someone’s byline. You never hear about the trading of tens of thousands of dollars between Wall Street firms and “star” reporters.