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.
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 [...]
TARP Recipients Paid Out $114 Million for Politicking Last Year
The companies that have been awarded taxpayers’ money from Congress’s bailout bill spent $77 million on lobbying and $37 million on federal campaign contributions, Center finds. The return on investment: 258,449 percent.
WASHINGTON–(This release has been corrected to reflect that Bank of America has received $45 billion, not $55 billion, from the TARP program. The [...]