Tag Archive for Securities and Exchange Commission

How DC Insiders Help Wall Street

Former House Majority Leader Eric Cantor, R-Virginia, who was defeated in a GOP primary by a Tea Party challenger.

For years, the Washington-to-Wall-Street axis has sent campaign donations south to influence the shaping of financial legislation but the pipeline also has flowed the other way, shipping “actionable” insider information north to help stock traders, a scam examined by Michael Winship.

The SEC’s Golden Revolving Door

Many Americans are still shocked that Wall Street bankers who ruined the economy escaped any serious punishment from government regulators. But one problem is that many of those regulators, including the new choice to head the SEC, have been rotating through the golden revolving door, say Bill Moyers and Michael Winship.