Getting shafted


Lawmakers seek cash during key votes


Numerous times this year, members of Congress have held fundraisers and collected big checks while they are taking critical steps to write new laws, despite warnings that such actions could create ethics problems. The campaign donations often came from contributors with major stakes riding on the lawmakers’ actions.


For three weeks in June, for instance, the members of a joint House and Senate committee worked to draft final rules for regulating the financial industry in the wake of its 2008 meltdown. During that time, the 35 members of the drafting committee collected $440,000 in donations from that same industry, which was then lobbying heavily for looser rules.


The Center for Responsive Politics and the Sunlight Foundation – scrutinized lawmakers involved …


Citizens generally feel this kind of thing falls between the bookends of ‘icky’ and ‘bribery,’ ” said David Levinthal, a spokesman for the Center for Responsive Politics …


Over the course of three weeks in June, the 35 conference committee members collected $440,000 in donations from the financial industry. Sen. Charles E. Schumer (D-N.Y.), the chairman of the Senate banking committee and a powerful conferee, collected the most that month – about $90,000 from financial interests.


Executives of accounting giant Ernst & Young contributed the lion’s share of that amount for Schumer: $49,000 in all of June …


Senators collected $469,000 from the financial industry the day before, the day of and the day after that key Sept. 16 vote …


The biggest recipient was Senate Majority Leader Harry M. Reid (D-Nev.), who shepherded the legislation and faced a tight reelection race. …





What Caused the Financial Crisis?






From the Pentagon to the private sector.


From 2004 through 2008, 80 percent of retiring three- and four-star officers went to work as consultants or defense executives…


Thirty-four out of 39 three- and four-star generals and admirals who retired in 2007 are now working in defense roles — nearly 90 percent. …


The revolving-door culture of Capitol Hill — where former lawmakers and staffers commonly market their insider knowledge to lobbying firms — is now pervasive at the senior rungs of the military leadership. …. giving them unparalleled levels of influence and access to inside information on Department of Defense procurement plans ….


War is a Racket …… !!!






Need to know. – Fixing America.




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3 Responses to “Getting shafted”

  1. worzzz Says:

    Wall Street – Government Conspiracy

  2. worzzz Says:

    Bill Murphy of GATA Speaks to CFTC


    Bailed-Out Banks Slip Toward Failure.
    Nearly 100 U.S. banks that got bailout funds from the federal government show signs they are in jeopardy of failing.

    The total, based on an analysis of third-quarter financial results by The Wall Street Journal, is up from 86 in the second quarter, reflecting eroding capital levels, a pileup of bad loans and warnings from regulators. The 98 banks in shaky condition got more than $4.2 billion in infusions from the Treasury Department under the Troubled Asset Relief Program. …

  3. worzzz Says:

    The Greatest Danger America Has Ever Faced?

    In short, I believe that we as Americans are about to see a major, major collapse in our national monetary system, and our normal way of life.


    US Economy Has Finally Lost Control of its Debt.


    Feast in Time of Plague: Wall Street Art of Sucking Money.


    US Census Bureau: Rising Levels of Poverty in America.

    Using new formula, Census Bureau ups estimate of US poverty rate to 15.7 percent


    US corporations destroying America.




    President Busch’s Legacy:

    “The age of American predominance is over,” …… “The (Chinese) Yuan will be the world’s reserve currency within two decades.”

    Busch and his Neocons swindled us into costly wars which bankrupted the West.

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