by Phil Cannella Our friend Michael Smallberg with the Project on Government Oversight (POGO) is back again with another damning report of the Revolving Door between Washington regulators and Wall Street Financial Firms. It seems that not only is the Revolving Door still spinning, but that private firms are also offering their executives big bonuses [...]
Phil Cannella to Appear on “Voice of Reason” with Larry Kane
by Phil Cannella I was ecstatic last week when I found out I was invited to appear on “Voice of Reason” with Larry Kane. Truly, I was honored to be invited to speak with such a legendary journalist for a panel discussion about the current state of the economy. I wanted to let all my [...]
Dow Jones Reaches Record High, But Is Your Money Safe?
by Phil Cannella Many news outlets are reporting this morning that the Dow Jones Industrial Average has reached a record high (here’s the New York Times’ take on it). Five years ago, the Dow Jones closed above 14,000, and today it has shattered that record. But does that mean everything’s fine now, and that it’s safe [...]
Will New SEC Chairman Get Tough on Financial Crimes?
by Phil Cannella Not long ago, I wrote about the appointment of Mary Jo White, the new chairman of the SEC. At the time, I felt it would be good for the SEC to have a chairman at all, regardless of who it was, since the agency was left without a permanent leader for about [...]
JPMorgan CEO, “We Actually Benefit from Downturns”
You may remember JPMorgan as being one of the major players in the fiscal crisis of 2008. It was big banks like JPMorgan, Goldman Sachs, Citigroup, and the rest of Wall Street who engineered the subprime mortgage products that wreaked havoc on the housing market, the stock market, and the overall economy. The CEOs of [...]
A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO (Part 4)
Today I will be posting the final portion of my interview with Michael Smallberg of the Project on Government Oversight. For those who haven’t been following along, Mr. Smallberg and I discussed the Revolving Door problem at the SEC, and how it has affected the agency’s ability to regulate effectively. Phil Cannella: That’s great, [...]
A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO (Part 3)
Today I’ve posted part 3 of the transcript of my interview with Michael Smallberg of the Project on Government Oversight (POGO). POGO has released two reports over the past year or so regarding the Revolving Door problem at the SEC, where former SEC staffers take jobs in the private sector financial industry and use the [...]
A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO (Part 2)
Exactly one week ago, The Project on Government Oversight (POGO) released its second report on the Revolving Door at the Securities and Exchange Commission. POGO found that former SEC employees had testified on behalf of the financial industry hundreds of times leading up to (and after) the financial crisis of 2008. I felt the release [...]
A Transcript of Phil Cannella’s Interview with Michael Smallberg of POGO
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 [...]
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