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Keyword: financereform

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  • Debit card spending limit? Banks consider a $50 cap

    03/10/2011 1:08:35 PM PST · by Whenifhow · 86 replies ^ | 3-10-11 | Blake Ellis
    .....Your debit card may soon be denied for purchases greater than $100 -- or even as little as $50. JPMorgan Chase, one of the nation's largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with knowledge of the proposal. Why? Because of a tricky thing called interchange fees. Right now, every time you swipe your debit card, your bank charges the retailer an average fee of 44 cents, which it shares with its partners. .... And consumers would end up feeling the pain when Bank of America is forced to recoup costs...
  • Financial reform law includes big cash incentives for whistle-blowers [gov't $ for informants]

    07/23/2010 2:29:47 PM PDT · by matt1234 · 7 replies
    LA Times ^ | July 23, 2010 | David Savage
    The new financial reform law has what some lawyers call a secret weapon against fraud on Wall Street and in corporate America: the promise of a million-dollar jackpot to insiders who reveal an illegal scheme to the government. Tucked in the massive bill is a provision that for the first time extends a concept long applied to government contracts to the private sector. It gives whistle-blowers a mandatory 10% — and as much as 30% — of what the government recoups in fines and settlements in financial fraud cases. These can include insider trading, false earnings reports and classic Ponzi...
  • My Letter to Scott Brown

    07/13/2010 7:55:39 AM PDT · by bt_dooftlook · 17 replies · 2+ views
    Me | July 13, 2010 | Me
    My letter to Scott Brown via his Senate office web site: ------------ Key observations: 1. Bill doesn't address Fannie Mae, and Freddie Mac, which were principal causes of the meltdown by lowering the credit standards for loans for their portfolios. 2. Bill is laced with minority/gender/diversity outreach nonsense, all of which will raise costs, reduce performance, and tilt the system away from fiduciary responsibility to "social" responsibility - if you feel giving loans to people who can't afford them is good policy, why not submit a bill that says that instead of hiding this nonsense in a bill that pretends...
  • Wall Street bill back to conference as Democrats don't have the votes

    06/29/2010 2:36:12 PM PDT · by BradtotheBone · 6 replies
    The Hill ^ | 06/29/10 02:06 PM ET | Silla Brush
    Senate and House conferees on Wall Street reform are reconvening Tuesday because of Republican objections to $19 billion in fees that would be placed on big financial firms. The meeting follows Sen. Scott Brown's (R-Mass.) letter to the chairmen of the conference committee on Tuesday, in which he said he would oppose the Wall Street overhaul bill as it stands. In a letter to Rep. Barney Frank (D-Mass.) and Sen. Chris Dodd (D-Conn.), Brown expressed "strong opposition" to the fees that were added in the conference process between House and Senate lawmakers last week. "If the final version of the...
  • Wall Street Reform: A Summary of What's In the Bill

    06/25/2010 3:30:05 PM PDT · by La Enchiladita · 12 replies · 1+ views
    CBS News ^ | June 25, 2010 | Jill Jackson
    Here is a summary of the The Wall Street Reform and Consumer Protection Act, the long-awaited financial reform overhaul that passed out of conference committee at 5:39 a.m this morning. Both the House and Senate are expected to pass the conference report next week so that it is on President Obama's desk by the July 4th recess. The provisions below are broken into two groups -- those that mainly affect consumers and those that mainly affect financial institutions.
  • Freep Kosmas Today!

    06/16/2010 6:22:37 AM PDT · by Big Guy and Rusty 99 · 3 replies · 138+ views
    none | 06/16/2010 | Big Guy and Rusty 99
    Due to the big thunderstorm yesterday, we are doing the protest of Suzanne "Kooky" Kosmas regarding the finance reform bill today. Contact me if you are interested. It is going to be Tuesday 6/15 at 5:30pm at her Orlando office. 12424 Research Parkway Orlando, FL 32826-3249
  • Freep Kosmas today!

    06/15/2010 6:15:44 AM PDT · by Big Guy and Rusty 99 · 3 replies · 242+ views
    06/15/2010 | Big Guy and Rusty 99
    Hey, We are doing a protest of Suzanne "Kooky" Kosmas regarding the finance reform bill. Contact me if you are interested. It is going to be Tuesday 6/15 at 5:30pm at her Orlando office. 12424 Research Parkway Orlando, FL 32826-3249
  • Obama: GOP backed down on Wall Street (O talking smack now that Scott Brown folded like wet suit)

    05/22/2010 8:58:31 PM PDT · by pissant · 52 replies · 1,233+ views
    The Hill ^ | 5/22/10 | Jordan Fabian
    Republicans were forced to "back down" from blocking Wall Street reform, according to a fundraising letter sent by the president. In the e-mail to his supporters, President Barack Obama wrote that pressure on lawmakers forced Republicans to "back down" from blocking the legislation, which the Senate passed Thursday. "This movement proved again that the strongest special interests, who for so long have called the shots in Washington, can be beat," he wrote. "When opponents in Congress tried to block the legislation altogether, you stood up -- and they backed down. When the lobbyists pushed for loopholes and exemptions just before...
  • ‘Brace’ Yourself: Wall Street Regulation Bill Snares Dentists, Doctors & Patients

    05/06/2010 9:25:24 AM PDT · by DukeBillie · 12 replies · 1,055+ views
    BigGovernment ^ | May 6, 2010 | Sen. Jim DeMint
    The Democrats’ health care takeover didn’t stop with ObamaCare and there are some hurtful provisions in the new financial regulation bill Americans should know about if they have any expensive dental procedures coming up. For millions of American teenagers braces are an embarrassing rite of passage, and for their parents, a tremendous cost. According to [1], the average prices of straightening a teenager’s teeth is about $5,400. In South Carolina, where themedian family income is approximately $45,000 [2], the cost of braces for one child can total more than 10 percent of a parent’s gross income for the year....
  • Senate to vote on key Wall Street reform component

    05/05/2010 1:02:03 PM PDT · by mlocher · 4 replies · 234+ views
    Reuters via ^ | May 5, 2010 | Kevin Drawbaugh and Andy Sullivan
    WASHINGTON (Reuters) - The Senate was expected to vote by Wednesday afternoon on a new "orderly liquidation" system for dismantling distressed financial firms that will exclude a proposed $50 billion fund to help pay for it, according to the Senate's chief author of Wall Street reform. After months of negotiations, Democratic Senator Christopher Dodd said he and Republican Senator Richard Shelby had reached an agreement that instead calls for covering the costs of liquidations after the fact by selling off parts of the troubled firm or assessing a fee on other companies. The Dodd-Shelby plan is an effort to end...
  • Finance Reform = Government Takeover

    05/05/2010 9:37:25 AM PDT · by bs9021 · 1 replies · 216+ views
    Accuracy in Academia ^ | May 6, 2010 | James F. Davis
    Finance Reform = Government Takeover James F. Davis, May 5, 2010 It’s time to take our heads out of the sand about the agenda of President Obama and his insider supporters. Having passed legislation that will give government bureaucrats the power over who gets medical care and who doesn’t, he has now set his sights on taking control over who gets money and who doesn’t—of every person in the USA through the alleged “Financial Reform Bill.” In effect, if this Trojan horse legislation passes in its present form, the President will have control over every citizen’s savings and every enterprise’s...
  • GOP blocks Senate financial bill for third day

    04/28/2010 10:11:57 AM PDT · by mlocher · 28 replies · 837+ views
    Reuters via ^ | April 28, 2010 | Reuters
    WASHINGTON (Reuters) - Senate Republicans again mustered enough votes on Wednesday to block debate of a Democratic financial regulation reform bill, pushing a standoff over the legislation into its third day. By a vote of 56 to 42, Democrats for a third time fell short of the 60 votes needed to advance legislation in the 100-member body. The Senate's Republicans also voted unanimously on Monday and Tuesday to block formal debate on the bill.
  • Mark Warner agrees with Republicans on flaws in financial regulation bill

    04/27/2010 6:07:00 PM PDT · by blueyon · 179+ views
    Senator Mark Warner agrees with Republicans that the financial regulation bill presently being considered by of the U.S. Senate. According to The Daily Caller Sen. Mark Warner, the Virginia Democrat who has been closely involved in negotiations, said that concerns being raised by Republicans about potential bailouts of large financial institutions are legitimate. “There are parts that need to be tightened,” Warner said, referring to the bill in the same manner as Sen. Richard Shelby, Alabama Republican and ranking member on the Senate Banking Committee. On the senate floor this morning, Senate Majority Leader Mitch McConnell (R-Ky) said “Last night,...
  • With Republicans like Snowe who needs Democrats?

    04/27/2010 7:12:46 AM PDT · by Alaphiah123 · 30 replies · 350+ views
    Creating Orwellian Worldview ^ | 4/27/10 | alaphiah
    She is solely responsible for the Health Care Reform Law. Without her vote the bill doesn’t get out of the senate finance committee and we wouldn’t be facing this Liberal Democrat Europeanization of America via Health Care law. Now Democrats want to permanently bailout the financial institutions which incidentally they demonized as the bad guys responsible for the global financial meltdown (but were only to big to fail), and now who is it that Democrats look to so that they can proceed with the one Republican vote need to put their plans into action? Why the Senator from Maine Olympia...
  • Financial sector frets reform may hit business

    04/26/2010 8:35:38 PM PDT · by mlocher · 208+ views
    Reuters via ^ | April 26, 2010 | Paritosh Bansal and Megan Davies
    BEVERLY HILLS, California (Reuters) - Financial services executives are apprehensively watching regulation reform make its way through Washington, worried measures such as a bailout fund and restrictions on derivatives would hurt business. But executives, investors and advisers at the Milken Institute'sGlobal Conference agreed on the need for reform of financial regulation to prevent crises in the future. "We need a bipartisan bill here because we need both sides to contribute their best ideas to this reform. And we need reform," said Kenneth Griffin, the chief executive of hedge fund Citadel Investment Group. "It will hurt business if we end up...
  • Senators near agreement on financial regulation

    04/25/2010 4:24:16 PM PDT · by mlocher · 12 replies · 515+ views
    Reuters via ^ | April 25, 2010 | Donna Smith
    WASHINGTON (Reuters) - Senators negotiating financial regulatory reform legislation said on Sunday they were close to a bipartisan agreement, as the White House said fraud charges against Wall Street titan Goldman Sachs highlighted the need for reform. Democratic Senate Banking Committee Chairman Christopher Dodd and Senator Richard Shelby, the panel's top Republican, told NBC's "Meet the Press" they were talking through the weekend to try to reach agreement on a bill aimed at preventing future taxpayer bailouts of financial firms. "We're getting there, we're close, we've got more work to do," Dodd said. "I hope can get the votes tomorrow...
  • Bull On Wall Street

    04/22/2010 5:26:57 PM PDT · by Kaslin · 5 replies · 291+ views ^ | April 22, 2010 | INVESTORS BUSINESS DAILY Staff
    Regulation: President Obama went to New York City Thursday to make clear his displeasure with what he called Wall Street's "failure of responsibility." But that's the very thing government is guilty of.
  • Votes in doubt as Sen. Harry Reid sets Monday Wall Street showdown

    04/23/2010 4:03:05 AM PDT · by blueyon · 23 replies · 1,161+ views
    The Hill ^ | 4/22/10 | Alexander Bolton
    The Senate has scheduled a showdown early next week on Wall Street reform, and lawmakers familiar with negotiations say a deal is unlikely by then. Democrats have set a 5 p.m. vote for Monday to begin consideration of the bill, giving negotiators only four more days to reach a deal on a document exceeding 1,400 pages.
  • Gerald Celente: Obama's Finance reform are just another episode of his reality show

    04/22/2010 2:30:51 PM PDT · by blueyon · 3 replies · 295+ views
    Trends and forcast ^ | 4/22/10 | Gerald Celenta
    Gerald Celente: Finance reform, just a show the same people who deregulated are now regulating ? asks Gerald Celente this is just another episode in the president reality show and show them they are doing something Wall Street regulation is the hot topic today; President Barack Obama gave a speech to the finance industry encouraging them to join him in reforming Wall Street. Gerald Celente says that there is a huge problem with Obamas Financial Reform bill because the same people that got us into this economic mess are the ones advising Obama.
  • Obama is winning the wrong battle… again

    04/21/2010 7:20:24 AM PDT · by Big Bureaucracy · 13 replies · 356+ views
    Big Bureaucracy ^ | April 21st, 2010 | Ellie Velinska
    The unemployed American who is filing his/her 867th on-line job resume is told these days that President Obama is winning on Financial Reform. The mother that is trying to find an answer for her son’s question (Where does Daddy work?) is made to believe that Obama is waging a war against his friends and main contributors on Wall-Street. The teenager who went to a Job Fair just to be told by smiling Human Resources reps to apply for the job on-line is lead to believe the bad guys who caused the unemployment are being punished. In fact President Obama left...
  • SEC Split on Party Lines Over Goldman Case (But Obama denies any involvement)

    04/19/2010 7:31:16 PM PDT · by tobyhill · 17 replies · 562+ views
    wall street journal ^ | 4/19/2010 | KARA SCANNELL
    The Securities and Exchange Commission decided to sue Goldman Sachs Group Inc. over the objections of two Republican commissioners, suggesting an unusual split at the agency that could politicize one of its most prominent cases in years. People familiar with the matter said the five-member commission held a lengthy meeting Wednesday to debate the civil-fraud charges against Goldman, and ultimately voted 3-2 in favor of pushing forward. The charges were filed Friday. Normally the agency prefers to have unanimous support when bringing enforcement actions against the firms it regulates. Word of the SEC split could exacerbate partisan tensions in Washington...
  • Steve Forbes: A Grotesquerie [ObamaCare, The Markets and Socialism]

    04/03/2010 4:54:38 PM PDT · by 2ndDivisionVet · 31 replies · 1,527+ views
    Forbes ^ | April 3, 2010 | Steve Forbes
    With an ice-cold disdain for public opinion and an obsession worthy of Lenin, President Obama and Speaker Nancy Pelosi rammed ObamaCare through the House by unprecedented parliamentary trickery, bribery and deceit. The President has thereby poisoned the national political well. But the health care fight has just begun. Substantive constitutional court challenges are coming. Congressional elections are around the corner, and there's a growing opposition that wants to undo what Obama has just done. The President will discover that, ultimately, the American people's tenacity will overwhelm his--and he will be a failed President. But the cost of his public-be-damned attitude...
  • Dodd Set to Propose Giving Fed Muscle to Close Oversight Gaps (BIG threat to capitalism)

    03/14/2010 5:31:17 PM PDT · by USALiberty · 2 replies · 309+ views
    Wall Street Journal ^ | MARCH 15, 2010. | By DAMIAN PALETTA
    The political battle over rewriting the rules of Wall Street resumes Monday as Senate Banking Committee Chairman Christopher Dodd plans to introduce legislation that is tougher on financial companies than was expected just a few weeks ago. The bill comes nearly 18 months after the height of the financial crisis in 2008 and whether it can gain traction could determine the fate of the Obama administration's yearlong effort to rein in banks. Mr. Dodd's bill would be much tougher on financial companies than expected just a few weeks ago. In the last few days, following a push from the Obama...
  • Georgia Runoff Exposes Gaps in Finance Law

    11/19/2008 12:39:32 PM PST · by flattorney · 3 replies · 624+ views
    Wall Street Journal ^ | November 19, 2008 | Brody Mullins
    Abstract: The runoff for a U.S. Senate seat in Georgia is providing a stark example of how candidates in the 2008 election have been able to skirt campaign-finance limits -- without actually breaking the law. Federal campaign-finance law limits individuals to donating $2,300 to a candidate per election. Yet Republicans and Democrats are soliciting donations more than 10 times that amount for the Dec. 2 runoff in Georgia. GOP fund-raisers are asking people to give as much as $65,500 toward incumbent Sen. Saxby Chambliss's campaign, while Democrats are seeking donations up to $30,800 for challenger Jim Martin. So how are...

    09/14/2007 8:48:57 AM PDT · by Calpernia · 132 replies · 984+ views
    Rocky Mountain News via Bar of Integrity ^ | Sept 23, 1997 | William Safire
    Why, just as the investigation into Clinton campaign corruption was hitting pay dirt, did Fred Thompson suddenly strike a deal with Democrats to shift the hearings into a softer, gentler discussion of legislative changes? Consider the momentum building: 1. Venerable Gore, now wisely hiring criminal lawyers, was shown to be fund-raising from federal property for his own campaign, which forced Janet Reno to shake up Justice's hapless bureaucracy - in hope of evading the law's mandate to seek court appointment of a real prosecutor. 2. Our rogue president, after selling face time to an engaging hustler for $300,000, was shown...
  • Justices Raise Doubts on Campaign Finance

    04/26/2007 4:26:47 AM PDT · by shrinkermd · 19 replies · 1,007+ views
    New York Times ^ | 26 April 2007 | Linda Greenhouse
    WASHINGTON, April 25 — The Supreme Court put defenders of the McCain-Feingold campaign finance law on the defensive on Wednesday in a spirited argument that suggested the court could soon open a significant loophole in the measure. At issue is a major provision of the five-year-old law that bars corporations and labor unions from paying for advertisements that mention the name of a candidate for federal office and that are broadcast 60 days before an election or 30 days before a primary. By a 5-to-4 vote in December 2003, the court held that the provision, on its face, passed First...
  • Albany Strategy Lets Rich Evade Donation Limits

    08/05/2006 12:45:15 AM PDT · by neverdem · 10 replies · 520+ views
    The Treacherous NY Times ^ | August 4, 2006 | DANNY HAKIM
    ALBANY, Aug. 3 — As a candidate for governor of New York, Eliot Spitzer is barred from taking more than $50,100 from any single donor. But that has not stopped wealthy donors from legally circumventing these state contribution limits to shower six-figure donations on the Spitzer campaign. Their technique? Using limited liability corporations as a vehicle to give well above the maximum the state allows. In fact, this year’s statewide political campaigns are awash with donations from L.L.C.’s, which are business entities that can be set up for as little as a couple of hundred dollars and provide special tax...
  • Hooray for the Supreme Court!

    07/19/2006 8:41:26 AM PDT · by Drew McKissick · 6 replies · 994+ views
    Conservative Outpost ^ | 7/19/06 | Drew McKissick
    Hooray for the Supreme Court. Yes, believe it or not, they actually do deserve some praise. Specifically the members of the majority who recently held that Vermont’s restrictive campaign finance laws violated the First Amendment’s free speech provisions. This development comes at an opportune time in our political history. Currently, our free speech rights are besieged by politicians using the boogeyman of political corruption to build support for laws which themselves corrupt our political system by limiting our ability to participate in it. The most egregious national example is the 2001 Bi-partisan Campaign Finance Reform Act, (AKA McCain-Feingold), which placed...
  • Shut up, they explained (anti-internet speech)

    01/25/2006 7:39:04 AM PST · by PolishProud · 12 replies · 597+ views
    WSJ Opinion Journal ^ | Jan 22, 2006 | Brian C Anderson
    The most imminent danger comes from campaign-finance rules, especially those spawned by the 2002 McCain-Feingold Campaign Reform Act...It's easy to see why liberals have spearheaded the nation's three-decade experiment with campaign-finance...election-law reforms obstruct the kinds of political speech--political ads and perhaps now the feisty editorializing of the new media--that escape the filter of the mainstream press and the academy, left-wing fiefdoms still regulation-free. McCain-Feingold, the latest and scariest step down that slope, makes it a felony for corporations, nonprofit advocacy groups and labor unions to run ads that criticize...members of Congress within 60 days of a federal election, when such...
  • Campaign Finance Reform Conspiracy - (John McCain willing dupe of Soros-backed group?)

    04/17/2005 2:33:45 PM PDT · by CHARLITE · 6 replies · 617+ views
    I'm going to tell you a story that I've never told any reporter," stated Sean Treglia, a former program officer of the Pew Charitable Trusts, during a March 2004 conference at the Annenberg School for Communication at the University of Southern California. "Now that I'm several months away from Pew and we have campaign finance reform, I can tell this story." Speaking to an audience of the initiated, Treglia described how the crusade for campaign finance reform was “an immense scam perpetrated on the American people by a cadre of left-wing foundations and disguised as a ‘mass movement,’” wrote New...
  • GOP 527s finished campaign strong (Dems outspent GOP 3-1)

    11/06/2004 12:49:15 AM PST · by Cincinatus' Wife · 23 replies · 721+ views
    Houston Chronicle ^ | November 6, 2004 | John Frank
    WASHINGTON - Though unregulated money primarily fueled liberal causes during the first half of the presidential campaign, 527 groups supporting Republicans outspent those backing Democrats 3-to-1 in the final three weeks, campaign-watchdog groups said. In the decisive weeks of a neck-and-neck race, 527 organizations funded in part by wealthy Texans unleashed a nearly $30 million television ad blitz against Sen. John Kerry while Democrat-friendly groups spent $10.3 million in attack ads on President Bush during the same period, according to the nonpartisan Center for Public Integrity. Though GOP analysts suggested the ad push in key swing states such as Ohio...
  • Most expensive presidential campaign in history exposing serious flaws (of free speech)

    09/13/2004 3:30:54 AM PDT · by Cincinatus' Wife · 9 replies · 483+ views, KS ^ | September 13, 2004 | MARK HORVIT
    FORT WORTH, Texas - (KRT) - Think you've got a right to know the names of the people paying for attack ads in a local congressional race? Curious what the Sustainable World Corp. is and why it cares who the next U.S. president is? Good luck. These mysteries and plenty more are brought to you despite campaign finance reform. This is the first presidential election since Congress tried to limit the influence of big contributors. While reformers can point to some successes, the highly touted effort has done little to tie the hands of wealthy donors, said Southern Methodist University...
  • McCain-Feingold Finance Reform An Abject Failure

    08/27/2004 12:03:20 PM PDT · by crv16 · 8 replies · 504+ views
    Captian Quarters Blog ^ | 08/27/04 | Captain Ed
    The current presidential election provides the first real-time test of the McCain-Feingold campaign finance reforms signed into law during this term of office. Its advocates lauded the bill's restrictions on so-called "soft money" -- a designation from previous and unsuccessful campaign finance reform efforts -- from flowing into political parties which used it to support their candidates indirectly through issue advertising. They promised it would keep floods of money from influencing voter choice. Its critics decried the potential for the law to be used as a club to curtail political speech. It's apparent that the critics were correct. Today's editorial...
  • (Now it's) Time to pay attention to campaign financing

    08/26/2004 4:14:04 AM PDT · by Cincinatus' Wife · 6 replies · 301+ views
    Yahoo News ^ | August 26, 2004 | Joshua Spivak
    As Republicans prepare to gather next week for their national convention in New York, most Americans probably realize that there won't be too much in the way of news. The voters have grasped a simple truth: The convention is not the start of anything - and they refuse to treat it with a seriousness it does not deserve. Unfortunately, the campaign finance laws haven't shown similar wisdom. They treat the conventions as they once were: The beginning of the race. This anachronistic way of viewing conventions as the firing of the starting gun is to President Bush (news - web...
  • Are some ads more equal than others? Time to pass 'first amendment restoration act'

    08/26/2004 2:51:43 AM PDT · by Cincinatus' Wife · 6 replies · 524+ views
    Rocky Mountain News ^ | August 26, 2004
    Since we devoted an entire editorial Wednesday to denouncing a political ad aimed at Ken Salazar by the Virginia-based Americans for Job Security, permit us now to say a word on behalf of such independent advocacy groups. In just one week's time, their constitutional right to free speech will be curtailed by the single gravest assault on civil liberties approved by Congress during the past four years. No, not the Patriot Act. We refer to the Bipartisan Campaign Reform Act of 2002, aka McCain-Feingold. After Sept. 2, believe it or not, Americans for Job Security will be barred from mentioning...
  • Reformers slam FEC for failing to restrain independent groups

    08/19/2004 5:12:53 AM PDT · by Cincinatus' Wife · 12 replies · 664+ views
    Palm Beach Post ^ | August 19, 2004 | Julia Malone
    WASHINGTON— Campaign finance reformers Wednesday vented their frustration at the Federal Election Commission for failing to curb independent groups that are using huge "soft money" donations to change the political landscape. The FEC, set to take up the issue Thursday, signaled in advance that it remains divided over how to deal with the groups, which are running massive voter mobilization drives and filling the airwaves with hard-hitting advertisements. Many of these projects are financed by labor unions and wealthy individuals who give multimillion-dollar donations — the unlimited "soft money" that new campaign finance laws forbid parties and candidates to accept....
  • Finance reform intensifies Kerry’s Vietnam scrutiny

    08/15/2004 1:47:35 AM PDT · by Cincinatus' Wife · 18 replies · 1,062+ views
    Quad City Times, IA ^ | August 15, 2004 | Charles Krauthammer at
    <p>You wanted campaign finance reform. You got campaign finance reform. McCain-Feingold promised to take the money out of politics.</p> <p>If you believed that, you deserve what you got.</p> <p>And what you got is an avalanche of money into politics this year as George Soros, Democratic big shots and, to a lesser extent, Republican money men (Republicans are slower on the uptake) get into the business of “independent” political expenditures.</p>
  • MoveOn Balks at Proposed FEC Rules Changes by Scaring Nonprofits (FEC Email Needs FReeping! NOW!)

    04/02/2004 9:27:16 AM PST · by ElephantMan · 103 replies · 488+ views
    Talon News ^ | April 2, 2004 | Jimmy Moore
    SPARTANBURG, SC (Talon News) -- Liberal anti-Bush online political activist group sent a warning message to its members this week regarding the upcoming ruling by the Federal Election Commission about the legality of so-called 527 groups accepting soft campaign contributions to run political ads."The Republican National Committee is pressing the Federal Election Commission to issue new rules that would cripple groups that dare to communicate with the public in any way critical of President Bush or members of Congress," charged in an e-mail to supporters.In the e-mail, attempts to scare "conservative, progressive, labor, religious, secular, social...
  • Thomas Sowell: Supreme Court prime example of lawlessness

    12/27/2003 2:15:45 AM PST · by mansion · 121 replies · 1,082+ views
    Naples Daily News ^ | 12/25/03 | Thomas Sowell
    Lawlessness usually conjures up images of a wild frontier or mobs in the streets. But the painful reality is that the supreme examples of lawlessness in our times are in the august and sedate chambers of the Supreme Court of the United States. If you think the issue in the recent Supreme Court decision upholding campaign finance legislation is whether campaign finance reform is a good idea or a bad idea, then you have already surrendered the far more important and more fundamental idea of Constitutional government. There is nothing in the Constitution of the United States which authorizes Congress...

    07/28/2003 9:30:12 AM PDT · by AmericanInTokyo · 348 replies · 2,482+ views
    (You will need a browser with Japanese font capability, and ability to comprehend written Japanese) As a FReeper Researcher, I have just come across a JAPANESE organization, based on an overseas JAPANESE website, in JAPANESE, that is encouraging foreigners to contribute money to and assist the "Campaign for American President Dennis Kucinich".The URL of the activity was located at: The organization is called "Global Peace Campaign" located in Japan. It is part of an umbrella of socialist and communist organizations opposing US efforts in Iraq, it supports North Korea, and is aligned with the usual communist movements.The website has...

    12/15/2003 1:50:41 PM PST · by jtminton · 101 replies · 511+ views ^ | 12-15-2003 | Drudge
    CAMPAIGN CASH RACE TURNS INTERNATIONAL; MOVEON.ORG CENTER OF INTRIGUE; CLARK SEEKS CANADIAN SUPPORT, WEBSITE SHOWS Frustrated with the lack of domestic support, left-leaning website has apparently been reaching beyond American borders to generate cash revenue over the Internet! The provocative international fundraising strategy threatens to embroil the presidential candidacy of General Wesley Clark and former Vermont Governor Howard Dean. Both men are named on international fundraising websites suggesting donations to, which has been running ads critical of the Bush Administration, has named an "International Campaigns Director." It is not clear how much money has been raised from...
  • Bands Rock Against Bush - Concerts and tours to raise awareness about 2004 election

    09/23/2003 3:25:39 PM PDT · by weegee · 88 replies · 1,672+ views
    Rolling Stone ^ | (September 23, 2003) | ANDREW DANSBY
    Bands Rock Against Bush Concerts and tours to raise awareness about 2004 election Sonic Youth, the Donnas, the Liars, the Locust and Erase Errata are among the groups who have pledged their support for Bands Against Bush, a self-explanatory new artistic collective dedicated to lending its support to the "struggle against a world of perpetual fear and violence bolstered by the Bush administration." BAB has set up more than twenty regional chapters in the U.S. and abroad, with a directory of groups willing to participate in various events to raise voter awareness. Among the events planned is an October 11th...
  • McCain-Feingold, RIP (Thank God)

    12/04/2002 10:43:26 PM PST · by Pliney the younger · 37 replies · 307+ views
    Wall Street Journal ^ | 12/04/02 | Un-identified editor
    In force for less than a month, campaign finance is already dead. It must be a democratic land speed record. In force for less than a month, the McCain-Feingold campaign finance reform is already being declared a failure--by the same people who labored for years to pass it. So while money will still be raised and surely spent, all the reformers have accomplished is to make it harder for the media to track it and keep voters informed about its sources. Like the Prohibitionists, they are merely pushing the money into the shadows. But we hardly need to wait for...

    09/18/2002 1:01:44 AM PDT · by kattracks · 20 replies · 276+ views
    New York Post ^ | 9/18/02 | Eric Fettmann
    <p>September 18, 2002 -- FIFTY years ago today, the New York Post published an article that led to one of the most memorable speeches in American history and forever changed the nature of this nation's politics.</p> <p>Decades before Watergate, a furor over ethics almost ended the career of then-Sen. Richard Nixon. And his spectacular recovery has important lessons for New Jersey's Sen. Bob Torricelli, another pol fighting for his political life in the wake of an ethics mess.</p>
  • ATR: Liberal Lies: Campaign Finance Reform is good for the political system

    04/02/2002 5:51:35 PM PST · by ATOMIC_PUNK · 2 replies · 326+ views
    Campaign Finance Reform is good for the political system "Congressional Republicans couldn't kill campaign finance reform by squelching it without a hearing earlier this year and the national cry for campaign reform, could convince the senators that this bill is good for politics and good for the country."-Staff Editorial, The Austin-American Statesman (8/5/98)."So even if one accepts the reformist notion that voter turnout and voter confidence are problems in America, banning issue speech by political parties is clearly not the solution. Having less speech, less debate, less discussion is clearly not going to have a positive impact on voter turnout."-Sen....