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Tag: Congress

SEC Shines the Light on Crony Capitalism

Harbinger Capital Partners LLC hedge fund just acknowledged its highly political founder Phillip Falcone and other key executives have received “Wells Notices”. Such communications are normally sent by the Securities & Exchange Commission to a target for fraud just before

Remy's Incandescent Light Bulb Song

Remy mourns the impending loss of his beloved incandescent light bulbs with a song set to familiar music. Written and performed by Remy and produced by Meredith Bragg. About 2.30 minutes. Go to Reason.tv for downloadable versions. Subscribe to Reason’s

Capitol Crimes: Insider Trading and Congress

From The Economist: FOR elected officials life in Washington, DC, holds many advantages. One is having a network of friends and associates who keep you well informed. But allegations have surfaced that politicians sometimes make use of this privileged access

Robin Hood Tax Would Hurt the Little Guy More Than Big Banks

[audio: http://www.coffeeandmarkets.com/CoffeeandMarkets120811.mp3] Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss Jon Corzine’s testimony before Congress on MF Global, the proposed Robin Hood

Is the Joke on the SEIU or Us?

The joke was on the Service Employees International Union (SEIU) this week. On Tuesday, a fake press release claimed SEIU had voted to revoke their endorsement of President Obama. The Washington Post reported the fake release quoted SEIU President Mary

SEIU Sends #OccupyCongress to Invade the Hill

Sources on Capitol Hill tell Big Government that SEIU has organized a major effort to ‘Take Back the Capitol’ this week with a collective of community, labor and Occupy groups that are dedicated to “show Congress what democracy looks like,

Spencer Bachus' Whitewash

Today’s congressional insider trading hearings led by Rep. Spencer Bachus showcased a carefully selected list of expert witnesses designed to protect the status quo and thwart real reform. Among Rep. Bachus’s list of experts were Indiana University Professor Donna Nagy,

Dem Rep Whines About Congressional Insider Trading Bill

Rep. Emanuel Cleaver (D-Mo) used his allotted time during the House Financial Services Committee on insider trading rules for congressmen to complain about how flawed the bill is and how Congress will probably vote for it anyway, “because that’s what

Richard Cordray's 'Heroes' Occupy Banks and Private Homes

When asked about the “Occupy Wall Street” movement in October, Massachusetts Senate candidate Elizabeth Warren praised it to the hilt. “I created much of the intellectual foundation for what they do,” she told the Daily Beast. Yet when pressed in