Political Watch

The House approved a Democratic plan on Friday to tighten federal regulation of Wall Street and banks, advancing a far-reaching Congressional response to the financial crisis that rocked the economy.

Jenny Sanford filed for divorce on Friday from her husband, Gov. Mark Sanford of South Carolina, who confessed in June to an affair with a woman in Argentina

Ethics legislation marks anniversary of former governor Blagojevich's arrest .

Republican Gov. Bob Riley is having his ethics questioned by Democratic senators and a former friend and Cabinet member who is running for governor.

British Foreign Office Denies 'Secret' Libya Deal

Senate Weighs New Shield Law, Reporters Would have to Disclose Information in Special Cases(Washington Post)

High Court's Conservatives Skeptical of Campaign Finance Law (Washington Post)

Outrage over Rep. Joe Wilson's outburst isn't dying down

Mountaintop Coal Mines Face New Scrutiny Under Obama (Bloomberg Update1)

The Karma Report

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Archive for the ‘SEC’ Category

Should General Electric CEO Jeff Immelt Resign?

You  are probably asking yourself why I would ask such a question, General Electric is coming back from the lows it saw during the recession.  The answer is that General Electric paid a $50 million fine to the Securities and Exchange Commission last month to settle accounting fraud charges.  The Judge in the case rubber [...]

September 18th, 2009 | Category: Accounting fraud, Company, General Electric, SEC | One comment

Judge Holds SEC Accountable for Regulating Wall Street!

In a ruling yesterday which took many by surprise, Judge Jed S. Rakoff refused to accept a $33 million settlement by Bank of America that would have resolved the Securities and Exchange Commission’s (SEC) that the bank deceived shareholders in November about bonuses to be paid by Merrill Lynch, which the bank was in the [...]

September 15th, 2009 | Category: Bank of America, Banks, Regulation, SEC | One comment