UBS AG Helps Fill Lawmakers’ Coffers
Swiss bank UBS AG agreed today to pay $780 million to settle claims by the U.S. Department of Treasury that it helped American customers evade paying taxes by hiding their Swiss bank accounts from U.S. tax authorities. But that’s not the only help that UBS has provided Americans. In the 2008 election cycle, the foreign [...]
Power Players: Struggling Financial Firms Are Banking on Dodd
Name: Sen. Chris Dodd (D-Conn.)
Position: Although Dodd is chair of one of the more powerful congressional committees, he probably isn’t the envy of his peers these days with an economic crisis growing larger by the day. Dodd has put in two years as chair of the Senate Committee on Banking, Housing and Urban Affairs and [...]
Power Players: Appropriations Chair and Organized Labor Have Strong Union
Name: Rep. David Obey (D-Wis.)
Position: Being the leader of one of the most powerful congressional committees is not a new task for Obey, who first served as chair of the House Appropriations Committee in 1994. The Democrat was first assigned to the committee in 1969, when he was just 30 years old. He’ll continue to [...]