3 ms·
Interesting, but only part of the problem. Regulators need to actually do their jobs and enforce transparency of Wall St. balance sheets. Oh, and Congress? N
by gills 18y ago
Interesting, but only part of the problem. Regulators need to actually do their jobs and enforce transparency of Wall St. balance sheets. Oh, and Congress? No more campaign contributions from corporations. You work for the voters, and if enough of them want you to prop up some company or repeal banking regulations, they'll tell you.
- anamax 18y agoCorporations actually can't give all that much money, something like $3k/candidate/election. However, their people can, which is what you see when you see "Enron contributed $2m to senate Dems". (PACs don't change this - they just bundle.) There may be special rules for giving to parties, to "got into office" parties, and for Fannie Mae and Freddie Mac.
- gills 18y agoRight. The Seattle Times had an article a while back (http://community.seattletimes.nwsource.com/favorfactory/ http://community.seattletimes.nwsource.com/favorfactory/), which has a database of earmarks and contributions from companies and executives/owners/etc. of companies. Often you will see contributions from high-level company officers. The data isn't good enough to show causality, but some correlation. Anyway...interesting stuff.