108 Search Results Found For: "revolving door"

The Senate Banking Committee is responding to outrage over the news that J.P. Morgan lost some $3 billion in customer money because of a risky trading strategy. The committee is preparing for two hearings with regulators, and Senator Tim Johnson (D-SD), chair of the committee, is hoping that Jamie Dimon will testify in the near
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How much does corruption cost you?  When you use a non-network ATM, it’s usually a $3 fee, just for accessing your own money.  The cost to the bank charging you that money, however, is just 37 cents.  That’s price gouging, and when you add it all up, it’s a total of $7 billion annually that goes from those
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Rolling Stone’s Matt Taibbi released a new article last week where he laid out how Wall Street is at work undermining the toughest provisions of the Dodd-Frank financial reform law passed last year. Taibbi writes: The fate of Dodd-Frank over the past two years is an object lesson in the government’s inability to institute even
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Republic Report has been highly criticalof the watering down of the STOCK Act, the recently enacted law to curb insider trading in Congress. New disclosures show that a group of well-connected lobbyists helped weaken the bill. Senators talked a good game about reform, but managed to water down the legislation so much so that it
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On the heels of the blockbuster New York Times investigation of Wal-Mart’s systematic bribery of Mexican officials — and subsequent cover-up — Republic Report’s Zaid Jilani revealed that the company has since used corporate lobbying fronts to weaken the Foreign Corrupt Practices Act, a law that establishes penalties for U.S. firms engaged in bribery abroad.
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Following the defeat of the Stop Online Piracy Act (SOPA), lobbyists for Big Business have been very careful when writing and promoting legislation that drastically curtails Internet freedoms. Now, various corporations have gotten together to push for the Cyber Intelligence Sharing and Protection Act, or CISPA. Proponents of the bill are saying that it is
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On Tuesday, President Obama boldly called for cracking down on rampant oil speculation, which experts say has increased the amount consumers pay at the pump by as much as $10 dollarsper a tank of gas. In response, the Republican Party and a set of big business-friendly blogs are rushing to promote a video clip of
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Here’s a refreshing voice in support of overturning Citizens United, the disastrous Supreme Court decision that enables unlimited corporate and union spending in elections. Republic Report clipped a recent presentation on campaign finance laws, and found Michael Steele, former chairman of the Republican National Committee, voicing approval for an effort to reform the system. Steele
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