US: Undisclosed Losses at Merrill Lynch Lead to a Trading Inquiry
Bank of America chief executive, Kenneth D. Lewis, is trying to bridle Merrill Lynch traders, whose rush into risky investments nearly brought down the brokerage firm. But questions over the Merrill losses — in particular, who knew about them, and when — keep swirling.
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Following the money in the Wall Street shakeout? Start here.
OpenSecrets.org has many, many resources for anyone interested in following the money as Washington policymakers continue to craft and implement their solutions to the floundering economy. Here’s a guide to what we at the Center for Responsive Politics have for you online:
Overviews of federal campaign contributions and lobbying by the finance, insurance and real estate [...]
Congressmen Hear from TARP Recipients Who Funded Their Campaigns
The eight CEOs testifying Wednesday before the House Financial Services Committee about how their companies are using billions of dollars in bailout funds may find that the hot seat is merely lukewarm. Nearly every member of the committee received contributions associated with these financial institutions during the 2008 election cycle, for a total of $1.8 million. And 18 [...]