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LyrArc brings in selected articles from many of the world's top publications.

Articles are selected by experts and you can see the gist of the important articles.

RNC Chair Reince Priebus Is Named Donald Trump’s Chief of Staff

2 Groups   
WSJ - 11.14.2016 Original article ›
Michael C. Bender, Carol E. Lee
LyrArc Article Gist
This WSJ report says Chris Christie's role has been reduced in the transition. Mike Spence, the Vice President, is at the top of the organization, Vince Preibus, who led the Republican National Committee, will be chief of staff at the White House, and Steve Bannon will be the strategist. Trump is the only person to be elected president without holding a government or military position. This makes it imperative for Republicans to put in key people with experience into the adminsitration. Others who are playing a critical role are Senator Jeff Sessions of Alabama, who supported Trump from the early days of his candidacy. Bannon is seen as strategist for his focus on midwestern industrial states and the working class, traditionally Democratic constituencies, which gave Trump the small margin of 110,000 votes to win in 2016. 

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Original article 7 minutes, gist 1 minute

Wall Street Lobbyist Aims to 'Reform the Reform'

2 Groups   
New York Times - 07.15.2011 Original article ›
Ben Protess, Ben, Protess

Goldman and Its Lobbyists Spurned in Fight on Bill

2 Groups   
New York Times - 04.28.2010 Original article ›
Eric Lichtblau, Eric, Lichtblau, Eric Dash, Dash
LyrArc Article Gist
Goldman Sachs which spent $2.8 million last year on Washington lobbyists to get favorable treatment from lawmakers is increasingly having ahard time getting attention in Congress.
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Former Senator Bayh Joins Apollo private equity firm

5 Groups   
New York Times - 01.22.2011 Original article ›
Peter Lattman, Peter, Lattman

Fed's Lubke to Goldman

3 Groups   
Wall Street Journal - 12.15.2010 Original article ›
Liz Rappaport, Liz, Rappaport
LyrArc Article Gist
Theo Lubke was head of the Financial Infrastructure Department in the Banking Supervision Group, and was a key member working for reforms in the derivatives market. He oversaw efforts at the Fed to have Wall Street centrally clear trades in credit default swaps, which helps control the risk of a firm's failure. Lubke will join Goldman Sachs as a managing director in the securities division, and will help Goldman implement the facets of regulatory reform legislation. Prior to his 15 years at the New York Fed, Lubke worked on the staff of the National Economic Council under President Clinton, and worked as an investment-banking analyst at Lehman Brothers.
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Geithner drawn into Libor scandal - The Washington Post

3 Groups   
Washington Post - 07.13.2012 Original article ›
Jia Lynn Yang, Jia, Lynn, Yang

The Cronyism Behind a Pipeline for Crude

4 Groups   
New York Times - 10.03.2011 Original article ›
Bill Mckibben, Bill, Mckibben

Banks' Lobbyists Help in Drafting Financial Bills

6 Groups   
New York Times - 05.23.2013 Original article ›
Eric Lipton, Eric, Lipton, Ben Protess, Ben, Protess

McMaster and the Commander

5 Groups   
WSJ - 08.08.2017 Original article ›
The Editorial Board
LyrArc Article Gist
This WSJ editorial defends Gen. McMaster's record and policy planning in the Middle East. This editorial says some of the White House dysfunction is a result of Bannon.

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Original article 2 minutes, gist 1 minute

Wall Street on Geithner's Speed Dial

4 Groups   
Wall Street Journal - 10.09.2009 Original article ›
Deborah Solomon, Deborah, Solomon, Damian Paletta, Damian, Paletta
LyrArc Article Gist
Calendars released to the WSJ under Freedom of Information Act, show Treasury Secretary Geithner having 80 contacts with Blankfein of Goldman Sachs, Dimon of Chase, Parsons of Citigroup and Fink of BlackRock, from January through July 2009.
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Citi Ruling Could Chill SEC, Street Legal Pacts

17 Groups   
Wall Street Journal - 11.29.2011 Original article ›
Jean Eaglesham, Jean, Eaglesham, Chad Bray, Chad, Bray

Who's in charge here?

5 Groups   
Economist - 05.07.2009 Original article ›
Economist.Com
LyrArc Article Gist
The Economist asks whether the government can have the resolve to take strong action where necessary with the banks. The feeling is that the government was too close to the banks during the boom, and banks like Goldman have so much influence in the government and many bankers work inside the government, making it difficult to separate the public interest from the interest of the banks. This makes it more difficult to take necessary action when it comes to the banks.
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Original article 3 minutes, gist 1 minute

J.P. Morgan 'Whale' Report Signals Deeper Problem

1 Links 9 Groups   
Wall Street Journal - 07.14.2012 Original article ›
Dan Fitzpatrick, Dan, Fitzpatrick, Gregory Zuckerman, Gregory, Zuckerman
LyrArc Article Gist
JP Morgan Chase disclosed that traders in the Chief Investment Office may have tried to avoid showing the full extent of losses by placing inaccurate prices on their positions. A trader named the "London whale," may have been asked by his boss to mark positions more aggressively. CEO Dimon said this has "shaken our company to the core."
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A Conflict in Geithner's New Job- Not Exactly

6 Groups   
New York Times - 11.18.2013 Original article ›
Andrew Ross Sorkin, Andrew, Ross, Sorkin

The Rabbit Ragu Democrats

3 Groups   
New York Times - 10.04.2009 Original article ›
Frank Rich, Frank, Rich
LyrArc Article Gist
Frank Rich on the lobbyists influence on Congress and the Obama administration at top levels. And the efforts by lobbyists to kill any efforts at reform. He details the activities of lobbyists working with the Obama adminsitraion. President Obama risks losing his opportunity for change and with it his credibility as a change advocate. A series of Washington Post articles have detailed the activities of lobbyists in high places that threaten to gut most of the President's reform proposals. Rich points out that it is not clear whether the ostentatious daily activities at a meeting place the Ristorante Tosca is abad omen for the lobbyists or also for the Obama adminsitration or for both. This opinion piece was listed No 1 in the Most popular articles on October 4, 2009, which says the public is listening and watching.
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Wall St. Giants Reluctant to Donate to Democrats

2 Groups   
New York Times - 10.20.2009 Original article ›
David D. Kirkpatrick, David, D., Kirkpatrick

Whose Side Are They On?

10 Groups   
New York Times - 04.18.2010 Original article ›
Editorial
LyrArc Article Gist
This New York Times editorial asks whose side the Republicans are on when they try to water down needed financial reforms. Are they simply speaking for the banks who stand to lose billions of dollars in profits through unregulated derivates trading but increase systemwide financial risk. The NYT supports senator Blance Lincoln, an Arkansas Democrat who is chairwoman of the agriculture committee, and who took a strong position in favor of controlling derivatives. Her proposal requires nearly all derivatives be traded on exchanges with exemptions only for unique contracts which would be supervised by regulators, and for a strictly defined group of companies with specific purposes.
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Obama’s Top Aide a Tough, Decisive Negotiator

1 Groups   
New York Times - 01.07.2011 Original article ›
Sheryl Gay Stolberg, Sheryl, Gay, Stolberg

The Federal Reserve's Too Cozy Relations With Banks

10 Groups   
Wall Street Journal - 09.10.2014 Original article ›
Steven Haber, Steven, Haber, Ross Levine, Ross, Levine

Obama Promises Butchers No New Financial Regulations

5 Groups   
Unknown - 10.25.2009 Original article ›
Paul Smalera, Paul, Smalera

Questions for Abby Joseph Cohen

6 Groups   
New York Times - 01.28.2011 Original article ›
Erview By Deborah Solomon, Erview, By, Deborah, Solomon
LyrArc Article Gist
Deborah Solomon interviews Abby Cohen of Goldman Sachs. Cohen is asked about bank bonuses and compensation, about the role of the banks in the financial meltdown, and whether she and Goldman Sachs felt any responsibility for the economic crisis.
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Wall Street, Banks Press to Shape Dodd-Frank Rules

1 Groups   
Wall Street Journal - 04.22.2011 Original article ›
Victoria Mcgrane, Victoria, Mcgrane

Britain and Its Central Bank Disagree on Banking Laws

7 Groups   
New York Times - 10.22.2009 Original article ›
Julia Werdigier, Julia, Werdigier
LyrArc Article Gist
Bank of England's governor Mervyn King disgrees with the Gordon Brown government on the issues of financial regulatory reforms.
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White House visitor logs show lobbying going strong - The Washington Post

15 Groups   
Washington Post - 05.21.2012 Original article ›
T.W. Farnam, T.W., Farnam
LyrArc Article Gist
White House visitors database shows lobbyists have frequent access to the White House. On one January day, Jan. 17, 2012, lobbyists came with the CEO's of their companies to 1600 Pennsylvania Avenue at 9 am for roundtable with President Obama. The CEO's are on the president's Jobs Concil. At 1 pm representatives from the meat industry arrive. And at 4 pm a lobbyist from Goldman Sachs comes for a meeting with Alan Krueger, chairman of the Council of Economic Advisors. Its a fairly routine day.
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Original article 8 minutes, gist 1 minute

Fed Proposes New Capital Rules for Banks

8 Groups   
New York Times - 12.20.2011 Original article ›
Edward Wyatt, Edward, Wyatt
LyrArc Article Gist
Federal Reserve proposals in Dec 2011 for large U.S. banks leave capital cushions at 5% of assets. This phases in the higher 7% of assets rule for capital reserves and a surcharge of upto 2.5% based on bank risk levels under new Basel III regulations for implementation in 2016.
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