Providing an effective voice for American consumers in an era when special interests dominate public discourse, government and politics. Non-partisan.
Commissioner Peter Wallison is suggesting that Credit Default Swaps are not inherently problematic. We just don't understand the underlying principles, he tells…
Jul 1, 2010Anthem Blue Cross has become a poster child for stricter premium regulation, said Jamie Court, president of Consumer Watchdog, a group based…
Jul 1, 2010Eric Dinallo, former Superintendent of the NYS Insurance Department, points out to Commissioner Keith Hennessey that AIG FP was in large part…
Jul 1, 2010How a dedicated community organizer becomes an insulated, perk-oriented politician More recently, Bass' staff made the news for taking from oil…
Jul 1, 2010In Session 2 so far, a lot of the questioning has been directed at the structural deficiencies of regulatory agencies. One large…
Jul 1, 2010After taking heat for proposing to raise insurance rates as high as 39 percent, Anthem Blue Cross proposed rates Wednesday that would…
Jul 1, 2010Days after selling her tobacco stock and donating the proceeds to an anti-smoking program at UCSF, Dr. Susan Desmond-Hellmann, chancellor of the…
Jul 1, 2010Greater government oversight is crucial to protecting consumers, said Jamie Court, president of Consumer Watchdog, a left-leaning Santa Monica-based advocacy group. "The…
Jul 1, 2010Towards the end of Session 1, a great deal of the questioning focused on why the government paid Goldman 100 cents on…
Jul 1, 2010Session 2, with opening statements occuring now (links provided), has these witnesses set to testify: Eric R. Dinallo Former Superintendant New York…
Jul 1, 2010There has been an interesting colloquy of sorts between Commissioners Keith Hennessey and Bob Graham about the purpose of the Commission. Hennessey…
Jul 1, 2010Thomas has been questioning GS' David Viniar for a good 5 minutes on whether the Federal Government paid Goldman 100 cents on…
Jul 1, 2010Brooksley Born is asking GS execs about their derivatives operations. GS is continuing to assert that they integrate their businesses, and don't…
Jul 1, 2010After Thomas is done questioning, Angelides interjects and is incredulous that Goldman Sachs had a "scientific" methodology of pricing that was based…
Jul 1, 2010Bill Thomas, Vice Chairman and Former Ways & Means Chairman, is questioning Goldman's David Lehman on the technical aspects of how GS…
Jul 1, 2010Andrew Forster, AIG's former CFO, explains why he thinks Goldman's aggressive marking down of AIG's assets was mailicously motivated. Forster explains the…
Jul 1, 2010A big focus of the hearings today will be on the Collateral Call Disputes between AIG and Goldman in the run-up to…
Jul 1, 2010Today I will be liveblogging Day 2 of the FCIC's hearings. Witnesses are giving their opening statements now. Set to testify in…
Jul 1, 2010