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thinkahol *

President Obama, Stand Up to the U.S. Chamber and Fight for Disclosure - 0 views

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    "We will fight it through all available means […] To quote what they say every day on Libya, all options are on the table." That's what the chief lobbyist for the U.S. Chamber of Commerce told the New York Times after hearing the White House may issue an executive order requiring corporations that do business with the government to disclose their political spending. The Chamber's pledge to fight tooth and nail to keep the American people in the dark about conflicts of interest in government is appalling, but not surprising. If corporations and their executives are spending on politicians in an effort to "win" government contracts, the American people should know.  Urge President Obama to stand up to the U.S. Chamber and fight for disclosure. Sign the petition today!
thinkahol *

U.S. Chamber To Rank Politicians On Whether They Vote To Keep Contractor Donations Secr... - 0 views

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    The U.S. Chamber of Commerce has written a letter to members of the House telling them that voting for federal contractors to be more transparent about their political spending will negatively impact their legislative scorecard. "The U.S. Chamber of Commerce strongly supports legislative proposals to ensure that political spending -- or the lack thereof -- continues to play no role in federal contracting decisions," the Chamber's R. Bruce Josten wrote in the letter sent on Wednesday. "Therefore, the Chamber supports amendments that have been offered by Rep. Cole to several Fiscal Year 2012 appropriations bills considered by the full House, and any similar amendments should they be offered to the remaining FY 2012 appropriations bills," he wrote. Meanwhile, more than sixty members of the House signed a letter sent to the White House by Rep. Anna G. Eshoo (D-CA) which expressed strong support for a draft executive order which would require companies that get taxpayer dollars to disclose their political expenditures. Disclosure, the letter says, "will not politicize the procurement process -- it will improve it." "Political expenditures are already well-known to those that make them and to the officials who benefit," the letter states. "With disclosure, the public will have access to this information as well, allowing them to judge whether contracts were awarded based on merit. A meritorious procurement system is the only responsible use of taxpayer money, making this a deficit reduction effort as much as a campaign finance reform issue." Both the Chamber and House Republicans have argued that the proposed executive order -- first leaked in April -- is a plot by the Obama administration to silence political opponents. Supporters of the measure have said the executive order -- by bringing donations out into the open -- would actually discourage federal contracting officials from doing favors for contractors based on their donations to third-party political groups
thinkahol *

Super Congress Debt Reduction Has Little Transparency - 0 views

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    The text of the budget deal reached by President Barack Obama and congressional leaders contains few specific public disclosure provisions for the committee. The standing committees of Congress are allowed to send suggestions for ways to reduce the debt to the super committee members, but there is, as yet, no provision for the disclosure of those reports. The final report is required to be publicly disclosed upon completion, however there is no requirement that the report be placed online. There are also no official requirements for web-casting of committee meetings.
thinkahol *

Ex-Intelligence Officers, Others See Plusses in WikiLeaks Disclosures - 0 views

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    The following statement was released today, signed by Daniel Ellsberg, Frank Grevil, Katharine Gun, David MacMichael, Ray McGovern, Craig Murray, Coleen Rowley and Larry Wilkerson; all are associated with Sam Adams Associates for Integrity in Intelligence.
thinkahol *

NationalJournal.com - To Tell the Truth - Thursday, December 2, 2010 - 0 views

  • As Ralph Waldo Emerson once said, “God offers to every mind its choice between truth and repose. Take which you please; you can never have both.”
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    Judging by the press accounts, Washington is still buzzing over WikiLeaks' release of classified U.S. government information, with both Republicans and Democrats expressing outrage over the disclosures. Meanwhile, many media outlets seem to be practically mute on the subject, avoiding comment on whether WikiLeaks provided a public service or disservice.
Skeptical Debunker

Bankers winning financial reform battle - Answer Desk- msnbc.com - 0 views

  • Proponents of comprehensive regulatory reform hope for sweeping measures to protect consumers from predatory lending, rein in high-stakes Wall Street trading in arcane derivatives, boost capital requirements for banks that want to bet big with depositors' money and spread some regulatory sunshine on the dark pools of the “shadow banking system” that caught regulators flat-footed when the market spiraled into the abyss in the fall of 2008. “We cannot afford to let the status quo continue,” Sheila Bair, head of the Federal Deposit Insurance Corp., told a meeting of business economists in Washington. The final law is still in doubt. Sen. Christopher Dodd, D-Conn., has pressed for reform during a year of intensely partisan bickering. On Friday, Dodd — a lame duck who announced his retirement after disclosures that he accepted favorable terms from subprime lender Countrywide Financial — claimed that the Senate Banking Committee he chairs was “days away” from wrapping up a bill. Any resolution faces a major political hurdle that has drawn the most public attention: a proposal to create a new agency to protect consumers from predatory lending and other abusive financial practices. While the "systemic risks" to the financial system may represent a bigger threat in dollar terms, voters might be more focused on the consumer impact.Dodd said that’s not hard to understand.“The subject matter of derivatives and swaps and the issue of systemic risk and too-big-to- fail seem somewhat removed from the general public,” he told CNBC after the Senate compromise was reached. “Watching my credit card go to 32 percent rates and huge fees, watching prepayment penalties on mortgages, these are things that millions of people understand.”
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    As Congress this week inches toward a new set of rules to avert another global financial collapse, it is focused on two conflicting goals: reforming the banking system to protect consumers while still giving lenders the freedom to take risks. So far the score looks like: Bankers 1, Consumers 0. More than a year after a wave of risky mortgage bets brought Wall Street to its knees, banks and other financial institutions are still playing by the same rules that got them into the mess.
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