The 1996 Telecommunications Act is 137 pages long. The first six titles of the act, and over 134 pages, deal exclusively with regulation of the broadcast, telephone, cable, and satellite television industries. In contrast, wireless and broadband technologies are not covered till Title VII’s “Miscellaneous Provisions”of the bill and cover …
As the sponsor of a $300 billion housing bailout, you’d think liberal Sen. Chris Dodd (D-Conn.) would disclose his ties to the mortgage industry. Guess again. As coverage of Dodd’s sweetheart deal has intensified, so too have the senator’s critics. In a new video outside Dodd’s Washington, D.C., townhouse, our …
Yesterday Rep. Jeb Hensarling (R-Tex.) became the first member of Congress to call for an investigation into the relationship between Sen. Chris Dodd’s (D-Conn.) $300 billion bailout of Wall Street lenders like Countrywide Financial, and the below-market rate loans Dodd received from Countrywide. Hensarling may be the first member of …
Fantastic op-ed on government taxing and spending levels by Centre for Policy Studies fellow Keith Marsden in todays Wall Street Journal. He compared the economic performance of ten countries with “slimmer governments” (Australia, Canada, Estonia, Hong Kong, Ireland, South Korea, Latvia, Singapore, the Slovak Republic and the U.S.) to 10 …
Every Thursday Foundry editor Conn Carroll reviews the latest stories in the conservative and liberal blogospheres for Bloggingheads.tv‘s “This Week in Blog“. This week the show included a discussion below about taxes including the assertion that the U.S. has the world’s second highest corporate tax rate and that Barack Obama’s …
Late yesterday Portfolio.com reported that a bunch of powerful Washington politicians were given below market loans by Countrywide Financial. Among those receiving “special” loans that saved them thousands of dollars were former HUD Secretary Alphonso Jackson and Senate Banking chairman Chris Dodd (D-CT). Rounding up the morning’s news for his …
We have been calling Sen. Chris Dodd’s (D-CT) housing bailout bill “The Wall Street Bailout Enhancement Act” for over a month now. In particular, we have singled out Countrywide Financial as the bank with most to gain from the federal government’s generosity. Countrywide is the largest loan servicer in the …
