Wall Street

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The Chronicles of Money, Politics, and How Wall Street Celebrates an Anniversary Every Day of the Year

Here's a round-up of Public Campaign and Public Campaign Action Fund's work for the week of July 18-July 22, 2011.

ONE YEAR LATER: After Dodd-Frank Financial Reform, Do the Banks Still Run the Place?

This Thursday marks the one-year anniversary of the passage of the “Dodd-Frank Wall Street Reform and Consumer Protection Act,” legislation passed by Congress to rein in the banks and protect consumers from the practices that led to the economic collapse. Since it’s passage, Wall Street interests have continued to exert influence over Congress in efforts to weaken, repeal, or as one bank lobbyist said recently, “reform the reform.”

The Chronicles of Money, Politics, and the British-coloured Scandal That Crossed the Pond

Here's a round-up of Public Campaign and Public Campaign Action Fund's work for the week of July 11-July 15, 2011.

Not Hitting Your Marks? If You're Wall Street Lobbyists, Just Switch the Target

Lobbyists for Wall Street interests have to be pretty nimble, I guess. Politico reports today on how Wall Street interests, who've recently been dealt some blows in Congress, are shifting their lobbying strategy away from Capitol Hill, and toward the very people in charge of regulating them.

Mitch McConnell Sides with Wall Street

Pat Garofalo at ThinkProgress notes that Sen. Mitch McConnell (R-Ky.) said today that anything Congress could do to slow down the implementation of Wall Street regulations passed in the wake of the economic collapse, “the better America will be.”

America won't be better off with delays, but I bet his campaign account will be by working to delay these regulations.

According to the Center for Responsive Politics:

"Washington is bought and sold"

When you're a longshot presidential candidate, you are free to say many of the things that others likely think, but wouldn't dare say. Former governor, and current Republican presidential candidate, Buddy Roemer, is a great example of that. Think Progress has video and a transcript of Roemer speaking at a recent GOP convention, where he vowed to stand up to corporate giants who are "corrupting our poltiical system."

From Think Progress:

The Chronicles of Money, Politics, and the Realities of a Post-Citizens United World

Here's a round-up of Public Campaign and Public Campaign Action Fund's work for the week of June 13-17, 2011.

It's How the Game is Played

"Don't hate the players, hate the game." That old saying seems particularly appropriate for our current campaign finance system that seems to reward those who least deserve it. The Washington Post's Ezra Klein had a piece yesterday bemoaning how despite bringing our economy to the brink of collapse, being bailed out by the taxpayers, and getting protected in Congress, Wall Street continues to be the go-to spot for high-dollar campaign fundraising.

Check Out Our Work This Week!

Public Campaign and Public Campaign Action Fund were hard at work this week putting out a variety of memos, statements, and reports. Here's a round up of our recent work:

Mr. Cantor and Mr. Boehner go to Wall Street

Speaker John Boehner (R-Ohio) and Majority Leader Eric Cantor (R-Va.) are traveling to New York City this week for meetings with Wall Street executives--complete with a big money fundraiser at the St. Regis Hotel in Manhattan.