Tag Archives: Dodd-Frank

Just Put Your Lips Together and Blow

From THINK PROGRESS ECONOMY:

A new Stop Snitchin campaign to deter would-be informants, in this case against people speaking up against crimes on Wall Street, is quietly taking shape, this time far from the media’s eye.

Financial experts and academics agree that strong whistleblower regulations could have prevented the Bernie Madoff Ponzi scheme and indeed much of the financial crisis if employees at firms engaged in fraudulent activity had spoken up early or had reported complex crimes to the appropriate authorities. Employees at firms at the center for the financial crisis, including troubled lender Countrywide, have cited intimidation and other illicit tactics as the reason few people spoke up as whistleblowers. Since the old whistleblower laws provided for weak legal protections for informants and relatively rare rewards, the Dodd-Frank financial reform law passed last year revamped the system with new rights for informants blowing the whistle on financial crimes.

Bank lobbyists and Fox News, however, have made such protections enemy number one.

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Filed under Barack Obama, Congress, Fox News, humor, movies, parody, politics, Republicans, snark, Wordpress Political Blogs

The Bucks Start Here

From THINK PROGRESS:

Two months ago, the Washington Post revealed that Mitt Romney’s presidential bid is largely fueled by Wall Street money, including major donors from Goldman Sachs, Morgan Stanley, and Bank of America.

Today, the former Massachusetts governor took a step that will undoubtedly make bankers happy, appointing the chairman of a Wall Street front group to his campaign. Romney tapped Norm Coleman, the former Minnesota senator and current chairman of the Board of the American Action Network, to be his “special adviser for policy.”

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Filed under humor, Mitt Romney, movies, Norm Coleman, parody, politics, Republicans, snark, Wordpress Political Blogs

Goldman Sucks

From THINK PROGRESS:

Last week, ThinkProgress revealed that Chairman Rep. Darrell Issa (R-CA) hired Peter Haller, a former Goldman Sachs vice president, as one of his top aides. Haller, who adopted his mother’s maiden name in 2008 and had escaped public scrutiny until now, coordinated an Oversight Committee letter to regulators demanding that they justify new Dodd-Frank rules impacting investment banks like his old employer, Goldman Sachs. After publication of our story, the Project on Government Oversight discovered more of Haller’s Oversight Committee letters, again on issues directly related to Goldman Sachs.

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Filed under Darrell Issa, humor, Justice Department, movies, parody, Patrick McHenry, politics, Republicans, snark, Wordpress Political Blogs