Thursday, April 14, 2011
The revolving door between government and banking has been blamed for poor regulation.
Thursday, December 09, 2010
By Charlie Herman : Business and Economics Editor
Citigroup announced Thursday that former budget director Peter Orszag has joined the bank as a vice chairman in its global banking business.
Wednesday, February 25, 2009
Craig Jennings, the federal fiscal policy director at OMB Watch, still has concerns about the level of transparency in the stimulus bill. Tracking on Recovery.gov will be 'pretty useful,' he says -- 'but not ideal.' For example the level of disclosure only requires contract summaries down to the subcontractor level. Say New York gets federal money (making New York the contractor) for a bridge. The contractor building the bridge -- e.g. ABCXYZ Construction -- is the sub, and the contract summary stops there. If ABCXYZ hires Concrete Boots to provide the asphalt, we won't necessarily know. Moreover, if the state gives money to the city, the city is technically the sub, and that contract trail ends.