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With recent government support for US banks and heavy lobbying by the banks against reform legislation, the appointment of William Daley- who heads lobbying at Chase JP Morgan- to White House Chief of Staff, creates conflict of interest say columnists.
Grouped Articles
Book portrays dysfunction in Obama White House - The Washington Post
Washington Post 09/17/2011
Banks' Lobbyists Help in Drafting Financial Bills
New York Times 05/23/2013
William Daley Brings Management Experience as Chief of Staff
New York Times 01/06/2011
Reich Disappointed in Obama the Centrist
New York Times 01/07/2011
Obamaâs Top Aide a Tough, Decisive Negotiator
New York Times 01/07/2011
Daley Résumé Blends Politics, Business
Wall Street Journal 01/07/2011
Is this a bad omen for the lobbyists or the Obama administration, or both, asks Rich in this NYT piece. Rich comments on a series of Washigton post articles showing the cooperation of lobbyists and senior members of Congress and the Obama administration. The Republicans too have the same pattern. In this context see Brooks article about the coming culture wars that cut across party lines and are based on values.
Grouped Articles
Banks' Lobbyists Help in Drafting Financial Bills
New York Times 05/23/2013
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
New York Times 10/04/2009
New York Times 10/19/2009
No Walk in the Park: For Obama One Year Later, It’s the Slog of Governance
New York Times 11/04/2009
In House, Many Spoke With One Voice: Lobbyists’
New York Times 11/15/2009
The influence on legislation and federal regulation that the pharmaceutical companies and industry associations are seeking, with $168 million spent on lobbying in 2006. As a result pricing of pharmaceutical products and healthcare services is the major unsolved problem in the U.S.
Grouped Articles
Wall Street Journal 06/25/2008
Health-Care Firms Have Supported Lawmakers Debating Reform
Washington Post 07/21/2009
Dana Milbank - Washington Sketch: GOP's Steele Couldn't Have Said It Better Himself
Washington Post 07/21/2009
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
New York Times 08/02/2009
As Congress Goes on Break, Health Lobbying Heats Up
Wall Street Journal 08/05/2009
Industry lobbying efforts in this direction.
Grouped Articles
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
Groups Back Health Reform, but Seek Cover
New York Times 09/12/2009
Health Reform’s Missing Ingredient
New York Times 09/17/2009
Insurers Tally Up Baucus Bill Provisions
Wall Street Journal 09/28/2009
Health Co-Ops Aren't the Answer
Wall Street Journal 09/29/2009
Lobbyists Fight Last Big Plans to Cut Health Care Costs
New York Times 10/11/2009
Its not clear whether these controls on pay practices are adequate, or too little too late. With bills being watered down in Congress on derivatives trading and other risk prevention measures. The intense lobbying of the financial industry against prudent regulation. The voices of wiser minds like Volcker and Mervyn King of the Bank of England calling for strong action. And the jobless numbers going the other way. Most recently at the Barr Trucking Company in Indiana, where 500 resumes were received for a $13 an hour assistant position.
Grouped Articles
New York Times 12/27/2011
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
S.E.C. Proposes Greater Disclosure on Pay for CEO's
New York Times 09/18/2013
A Better Way to Compare C.E.O. Pay
New York Times 09/21/2013
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
The extensive influence of lobbyists for the banking industry in the Obama administration The cozy relationship of bankers at Chase and Goldman with Rahm Emmanuel, White House chief of staff, and Geithner, the Treasury Secretary.
Grouped Articles
Banks' Lobbyists Help in Drafting Financial Bills
New York Times 05/23/2013
New York Times 12/27/2011
Trench Warfare: Send In the Deputies
New York Times 04/16/2010
New York Times 04/18/2010
The Power Behind the Throne at the Federal Reserve
New York Times 07/31/2013
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
One of the lessons of the global economic crisis is the need to protect consumerts to protect the economy as a whole. A system of lobbying and campaign contributions by the banking industry to members of Congress kills action in the public's interest. A dysfunctional system of consumer protection with powers and responsibilities spread over many federal agencies and no accountability, tends to put banking interests first, leading to the problems in the current crisis with subprime mortgages.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
New York Times 07/20/2009
Health-Care Firms Have Supported Lawmakers Debating Reform
Washington Post 07/21/2009
Dana Milbank - Washington Sketch: GOP's Steele Couldn't Have Said It Better Himself
Washington Post 07/21/2009
Consumers Need a Credit Watchdog
BusinessWeek 07/15/2009
That Promised Financial Reform
New York Times 10/14/2009
Finance industry lobbying, with $300 million alone spent to repeal the Glass Steagall Act which kept banks from getting involved in the securties business, is having the effect of making changes without the due diligence and care necessary for changing legislation that had deep reason embedded in experience during the Great Depression. Citigroup's failure is a result of its involvement in the securities business, and it was a principal backer for the repeal. Similar situation is playing out in the U.S. health-care area which has overtaken the finance industry in money spent for lobbying. Lobbying of this magnitude is having distortional effects on national priorities on necessary regulation, and on creating sustainable economical systems for health care in health care laws.
Grouped Articles
Banks' Lobbyists Help in Drafting Financial Bills
New York Times 05/23/2013
New York Times 04/10/2009
Finance Lobby Cut Spending as Feds Targeted Wall Street
Wall Street Journal 07/02/2009
New York Times 07/20/2009
New York Times 07/20/2009
Doctors' Payments Snag Health Bill
Wall Street Journal 07/20/2009
Grouped Articles
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
Wall Street Journal 06/25/2008
Drug Industry Adapts to Democrats' Mounting Clout
Wall Street Journal 10/24/2008
William Daley Brings Management Experience as Chief of Staff
New York Times 01/06/2011
India and America, Two Peas in a Pod
New York Times 11/08/2011
White House visitor logs show lobbying going strong - The Washington Post
Washington Post 05/21/2012
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