Jul 14 2009
Elizabeth Warren was appointed chair of a newly created Congressional Oversight Panel (COP), which is charged with keeping tabs on the $700 billion bailout of the financial sector – including Troubled Assets Relief Program (TARP).
Warren however, has had some “Trouble” getting straight forward answers … as she explained to the Boston Globe:
Jun 01 2009
Usually they get away with …
Usually they trade their knowledge, for money or power, and no one notices —
But not always:
Insider-Trading Ring Bust May Fuel Hedge-Fund Concern
By David Scheer – March 2, 2007
March 2, (Bloomberg) — The U.S. government’s accusations that Morgan Stanley, UBS AG and Bear Stearns Cos. employees were central figures in an insider-trading ring illustrate why regulators and lawmakers are suspicious of Wall Street’s relationship with hedge funds.
Prosecutors in New York and Washington yesterday brought criminal charges against 13 people, claiming that an executive at UBS and a former compliance lawyer at Morgan Stanley tipped off hedge-fund traders and brokers to new analyst ratings and secret takeover talks. Bear Stearns was home to at least four professionals who traded on information leaked from inside the two firms, according to a complaint filed by the Securities and Exchange Commission.
(emphasis added)
http://www.bloomberg.com/apps/…
White Collar Crime, is not any less heinous, because they commit it with a Keyboard, instead of a Handgun. Yet more often than not, in the Wild West of electronic casinos, these criminals can make “a killing”, without having to pull that trigger themselves … without ever having to worry about ever facing their “day in court” …
Jan 01 2008
photo courtesy of SEIU International on Flickr used under this Creative Commons license.
So far I have wrote about Barack Obama’s strong stands on public financing of elections and media reform. Today I am going to talk about his work making government more transparent and more ethical. These are area’s were he has gotten the most bills passed into law so hopefully this should be a interesting post.
Dec 01 2007
The Bush administration is laying out a new secrecy defense in an effort to end a court battle about the White House visits of now-imprisoned lobbyist Jack Abramoff.
The administration agreed last year to produce all responsive records about the visits ”without redactions or claims of exemption,” according to a court order.
But in a court filing Friday night, administration lawyers said that the Secret Service has identified a category of highly sensitive documents that might contain information sought in a lawsuit about Abramoff’s trips to the White House.
Does this look like government “of and by the people” to you?