If you read my blog post yesterday, you’ll remember that I spoke to Michael Smallberg of the Project on Government Oversight (POGO) early in 2012 about the revolving door between the SEC and the private sector financial industry. I wanted to give you a transcript of that interview in case you weren’t able to listen [...]
Phil Cannella Interviews Michael Smallberg of POGO
With the release of a new report on Monday by the Project on Government Oversight (POGO), it only makes sense to revisit Phil Cannella’s interview with Michael Smallberg of POGO. Mr. Smallberg is an investigator at the organization, which seeks to advocate for stricter regulations preventing the Revolving Door Between the SEC and the private [...]
More Revolving Door Horror Stories
In yesterday’s post, we talked about a new report by the Project on Government Oversight that reveals the true extent of the revolving door from Wall Street to the SEC and vice-versa. Well as I’ve dug further into the report, I’ve picked out some interesting anecdotes to share with you that really demonstrate how bad [...]
New Report Sheds Light on SEC’s Revolving Door
by Phil Cannella You’ve probably heard me talk about the revolving door before. That’s when employees of the Securities and Exchange Commission (SEC) leave their jobs to take new ones in the private sector financial industry. It seems fine until you realize that the SEC is supposed to be regulating that very industry, and yet [...]
Phil Cannella on PhillyAdClub.com
As part of the 98.1 WOGL Loves Our Kids Radiothon, Phil Cannella, Joann Small, and the Crash Proof Retirement™ Team once again made a big splash by being the largest single donors of the event. Cannella and his team even managed to top their previous donations, made in 2010 and 2011, of $50,000 by donating [...]
Watch Out for Identity Theft This Tax Season
by Phil Cannella I read an interesting blog post today, and it reminded me of a problem that’s becoming all too common these days: Tax Refund Identity Fraud (click here to read the blog post). This occurs when someone files a fraudulent tax return using your information, and then collects the resulting refund. The problem [...]
Cadillac Jack on Crash Proof Retirement’s CHOP Donation
As they have for the past three years, Phil Cannella, Joann Small, and the Crash Proof Retirement Team made a generous donation to the Children’s Hospital of Philadelphia (CHOP). The difference this year? They made an even larger donation than they have made in past years. The donation was made as part of the WOGL [...]
U.S. sues Standard and Poor’s for Fraud: It’s About Time!
by Phillip Cannella Just five short years after Wall Street and ratings agencies worked together to defraud American investors, the U.S. government is finally getting around to doing something about it. The government announced it will be suing the parent company of ratings agency Standard and Poor’s for fraud, a charge they absolutely deserve. You [...]
Phil Cannella in the Delco Times
Much was written about Phil Cannella, Joann Small, and Crash Proof Retirement after their participation in the 98.1 WOGL Loves Our Kids Radiothon that raised $658,272 for the Children’s Hospital of Philadelphia. Their generosity earned them a lot of attention from the local press, spawning several stories. Follow the link below to see coverage of [...]
The Treasury Allowed Pay Raises at Bailed-Out Companies
By Phil Cannella I came across this story today, and needless to say, I was not happy about what I found. It seems that the U.S. Department of the Treasury, under the leadership of Tim Geithner, allowed executive pay raises and ridiculously large pay packages at several companies that got bailouts. These companies included AIG, [...]
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