by Dave Johnson | Dec 19, 2014 | Blog, Economy, Financial Reform
Another Citigroup alumni has been nominated to a key high-level position in the Obama administration. This time it's a lateral move: Marisa Lago, who has been serving in the Treasury Department as Assistant Secretary for International Markets and Development since...
by Robert Reich | Dec 18, 2014 | Blog, Financial Reform
A few years ago, hedge fund Level Global Investors made $54 million selling Dell Computer stock based on insider information from a Dell employee. When charged with illegal insider trading, Global Investors’ co-founder Anthony Chiasson claimed he didn’t know where the...
by Richard Eskow | Dec 16, 2014 | Blog, Financial Reform
[youtube http://www.youtube.com/watch?v=KytY-uXUnok] Sen. Bernie Sanders (audio) with Richard Eskow No sooner had the infamous “Citigroup amendment” been added to a vital spending measure than the warnings began. One of the first was from Rob Blackwell, writing in...
by Dave Johnson | Dec 15, 2014 | Blog, Democracy, Financial Reform
The budget bill called the "Cromnibus" (for Continuing Resolution and OMNIBUS budget bill) passed over the weekend. It included a provision undoing part of the Dodd-Frank Wall Street regulation bill, allowing banks to gamble on derivatives using money from...
by Dave Johnson | Dec 12, 2014 | Blog, Financial Reform
The "Citibank budget" has not passed the Senate. There is time to fight this giveaway to Wall Street. Call your senators today and tell them take the Citibank bailout part out or block the budget. Tell them to let Wall Street know that their days of controlling our...
by Richard Eskow | Dec 11, 2014 | Blog, Economy, Financial Reform
It sounds like one of those fundraising emails Democratic groups kept sending out during the last election season, warning of imminent impeachment and other inflated threats: “Listen, I'm pleading.” “CRUSHING blow.” “Disaster.” “Kiss all hope goodbye.” “SHOCKING...
