Who Attends the Koch Brothers’ Conferences?

Billionaires Charles and David Koch are holding one of their infamous political retreats this weekend in Rancho Mirage, CA, inspiring a coalition of liberal groups to mount protests outside the event. Common Cause, the principal organizer, is calling the event “Uncloaking the Kochs,” to “counter an exclusive gathering of corporate billionaires.” Who are these corporate …

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Who is the Committee to Save New York?

In a prelude to the looming budget battle, a shadowy group going by the name of the “Committee to Save New York” has started coordinating with the Cuomo administration to promote the dawning of a new era of “fiscal sanity” in New York State. The group has amassed a $10 million war chest to run …

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Evidence of an American Plutocracy: The Larry Summers Story

“So here is the evidence for an American plutocracy of a narrow and discrete but hardly harmless sort. Wall Street seduced the economics profession not through overt corruption, but by aligning the incentives of economists with its own. It was very easy for academic economists to move from universities to central banks to hedge funds …

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The Foreclosure Fraud Scandal Just Got Harder to Ignore

The Massachusetts Supreme Court issued a major decision against the banks on the issue of foreclosure fraud earlier today. In US Trust vs. Ibanez, the court ruled that the banks in the case did not have standing to foreclose when they failed to assign the mortgage prior to foreclosure. The case carries significant implications, as …

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Facebook and Goldman: already good friends!

Here is Facebook founder Mark Zuckerberg saying he doesn’t believe in privacy. Here is Facebook tapping Goldman Sachs to work some financial magic so that it can raise a bunch of capital without disclosing anything to the public. Forbes’ Jeff Bercovici notes the irony: …

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